GCash’s plans for an initial public offering (IPO) have been complicated by the imposition of new tariffs by US President Donald Trump, which has created economic uncertainty.
Globe Telecom, which operates GCash through its joint venture Mynt, remains determined to proceed with the IPO but is closely monitoring global market conditions.
CFO Carlo Puno explained that GCash is “push-button ready” and will proceed with the IPO when market conditions are favorable, despite the trade war and stock market sell-off triggered by Trump’s tariff announcement.
Analysts remain optimistic about GCash’s market debut, citing its $5-billion valuation and recent strategic partnerships, including with US-based Viamericas and Middle Eastern platform Al Fardan.
The Philippine Stock Exchange (PSE) has made accommodations, allowing a 15% public float to help attract GCash’s listing.
Source: PhilNews24 | April 23, 2025
