GCash Owner Mynt Prices Record Philippine IPO of Nearly $1 Billion

Mynt Inc., operator of the GCash payments service, priced its shares below the top of the range in what is set to be the Philippines' biggest-ever IPO at nearly $1 billion. It is the country's first listing this year and could help revive a lackluster stock market.

• Mynt priced shares below the maximum of the range
• Nearly $1 billion IPO is the largest in Philippine history
• First listing in the country this year