GCash Said to Weigh Record Philippine IPO of Up to $1.5 Billion
- Said to be aiming to list in Manila in the second half of 2025
- GCash valued at $5 billion when MUFG acquired stake in August
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GCash, the biggest fintech platform in the Philippines, has invited banks to pitch for an initial public offering in Manila to potentially raise $1 billion to $1.5 billion, according to people familiar with the matter.
The company intends to list in the second half of 2025, the people said, asking not to be identified because the information is private. An IPO of that size would likely make it the biggest ever in the Philippines.