GCash eyes 2025 IPO, looking to raise up to $1.5b

If successful, this is slated to be the biggest IPO in the Philippines.

Philippine e-wallet GCash is looking to potentially raise $1b to $1.5b for its initial public offering (IPO).

The fintech platform has reportedly invited banks to pitch for an IPO in Manila, reports Bloomberg, citing “people familiar with the matter.”

The company reportedly intends to list in the second half of 2025, the sources said.

In an earlier interview with Asian Banking & Finance, a GCash representative said that they are IPO-ready but waiting for the right market conditions.

“Definitely, it is something that we are preparing for,” Winsley Bangit, Vice President and Group Head for New Businesses at GCash, told ABF during the Singapore Fintech Festival 2024 that took place from 6-8 November at the Singapore EXPO.

Read more from Bloomberg.

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