GCash, a prominent fintech platform in the Philippines, is said to be considering a substantial initial public offering (IPO) in Manila, with the goal of raising between $1 billion and $1.5 billion.
Sources familiar with the matter claim that if this IPO proceeds, it will be the largest ever in the country. The company has started soliciting proposals from banks to oversee the IPO, indicating a strong commitment to achieving this financial milestone.
This development highlights GCash's growth and the growing interest in fintech solutions in the Philippine market.