GCash IPO prospects rise with $5B valuation

The prospects for the highly anticipated initial public offering (IPO) of popular e-wallet brand GCash got jacked up after its valuation more than doubled to $5 billion, thanks to fresh capital infusion from Ayala Corp. and Japan’s largest bank MUFG Bank Ltd. Globe Telecom Inc., parent company of GCash operator Mynt, announced on Friday the
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