The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Globe shares surge as Mynt files for IPO

News Snapshot:

GLOBE Telecom shares surged on Monday following news that Mynt Inc. (Globe Fintech Innovations, Inc.), the operator of leading e-wallet GCash, was targeting an October market debut that could raise as much as P92.3 billion, potentially the largest initial public offering (IPO) in Philippine history. Globe is the largest shareholder of Mynt with about a 34-percent stake, with partner Ant Group of China holding another 33 percent. Globe’s parent firm Ayala Corp. also holds interests in Mynt directly and indirectly through Globe and AM 50 Ventures Inc. (13 percent), which is a venture with Japan’s Mitsubishi Corp.Globe shares on Monday…

Other China Tech Buzz: