Mynt prices Philippine IPO at 6.6 pesos per share, raising 53B pesos

Mynt: Mynt is the parent company of the Philippine mobile wallet GCash and operates in the country's fintech sector. It has priced its initial public offering and plans to list on the Philippine stock exchange with trading debut scheduled for October 20. The company declined to comment on market speculation regarding the IPO terms. GCash: GCash is a leading mobile wallet and digital financial services platform in the Philippines. As a core subsidiary of Mynt, it provides payment, transfer, and related services to users across the country. Its parent's IPO represents a major milestone for the GCash brand and Philippine fintech. ATRAM Trust Corporation: ATRAM Trust Corporation is a Philippine asset management and trust company. It has agreed to invest as a domestic cornerstone investor in Mynt's IPO. Its participation reflects local institutional interest in the listing. Lazard Asset Management: Lazard Asset Management is a global investment management firm specializing in equity and fixed income strategies. It has committed to purchasing shares as a cornerstone investor in Mynt's IPO. The commitment underscores institutional support for the transaction. HSBC Global Asset Management: HSBC Global Asset Management is the asset management division of the HSBC banking group. It has committed as a cornerstone investor in Mynt's offering. The involvement aligns with HSBC's presence in Asian capital markets. China Bank Capital Corporation: China Bank Capital Corporation is the investment banking and capital markets unit of China Banking Corporation in the Philippines. It has agreed to participate as a domestic cornerstone investor in Mynt's IPO. Its role connects local banking networks to the deal. International Finance Corporation: International Finance Corporation is a member of the World Bank Group focused on private sector investment in emerging markets. It has agreed to participate as a cornerstone investor in Mynt's IPO. Its backing supports development finance objectives in the Philippines. FIL Investment Management (Hong Kong): FIL Investment Management (Hong Kong) is an arm of the global Fidelity International investment group. It has agreed to buy shares as a cornerstone investor in Mynt's IPO. Its role demonstrates cross-border asset manager engagement with the deal. Capital Research and Management Company: Capital Research and Management Company is a prominent global asset management firm. It has agreed to participate as a cornerstone investor in Mynt's IPO. Its involvement reflects institutional interest in the Philippine offering. BPI Asset Management and Trust Corporation: BPI Asset Management and Trust Corporation is the asset management arm of Bank of the Philippine Islands. It has committed as a domestic cornerstone investor in Mynt's offering. The involvement highlights support from major Philippine financial institutions. Citadel Multi-Strategy Equities Master Fund Ltd: Citadel Multi-Strategy Equities Master Fund Ltd is part of the Citadel investment group focused on equities strategies. It has committed as a cornerstone investor in Mynt's Philippine IPO. The participation highlights interest from large international funds. Timeline: The shares are scheduled to begin trading on October 20 following the pricing. Market Impact: The Mynt IPO is positioned to deliver a significant boost to the Philippine equity market amid limited recent capital raising activity. Investor Interest: A broad group of global and domestic institutional investors have committed as cornerstone buyers ahead of the public offering.