MANILA -- Mynt, the operator of the Philippines' most popular digital wallet, GCash, is not rushing to go public, said the chief executive of conglomerate Ayala Corp., which has a stake in the company.
A rare Filipino fintech unicorn, an unlisted company valued at over $1 billion, Mynt is under Ayala's Globe Telecom unit. Investors and analysts have long awaited an initial public offering, hoping it might catalyze a Philippine equity market bounce.
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