PSE enters new territory with GCash’s IPO. But to thrive, it must go further.

AI Summary

GCash’s planned IPO is expected to be a record-setting listing on the Philippine Stock Exchange and could broaden the market’s reach to asset-light companies. The commentary argues that the exchange still needs to do more to attract high-growth technology firms.

GCash’s incoming record-setting IPO hints at a stock market opening itself to asset-light enterprises, but is still far from embracing high-growth tech