BlackRock Said to Buy Into GCash Owner IPO Priced Below Maximum

🌐 Bloomberg (PH) —

AI Summary

BlackRock, Capital Group, and Schroders are investors in the initial public offering of the Philippines' top mobile wallet company, GCash. The IPO is expected to price below its maximum valuation, indicating strategic investor positioning in the fintech sector.

BlackRock, Capital Group and Schroders are among investors poised to buy into the initial public offering of the company behind the Philippines’ top mobile wallet, GCash, which is telling investors it’s on track to price the deal below the maximum, according to people familiar with the matter.

Markets Deals AI & Tech BlackRock GCash IPO mobile wallet investment Philippines

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