Philippine payments platform GCash has set the final price for its initial public offering at 66 Philippine pesos per share, or about $1.06. The pricing came in below the company’s earlier valuation ambitions, marking a step down from its initial target. Even so, the deal remains one of the more closely watched fintech listings in Southeast Asia in recent months. The update was cited by Techub News, which referenced Tech in Asia. No additional deal terms were disclosed in the source material.
Philippine payments platform GCash has set the final price for its initial public offering at 66 Philippine pesos per share, or about $1.06.
GCash had previously sought a higher valuation, and the final pricing was lowered from its earlier target.
The IPO is one of the notable recent listing plans in Southeast Asia’s fintech sector, according to Tech in Asia, as cited by Techub News.
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