GCash Owner Gets Approval for Up to $1.5 Billion Philippines IPO

The Philippine Stock Exchange approved an IPO for the owner of GCash, the Philippines' largest mobile wallet, worth up to 92.3 billion pesos ($1.47 billion). This is the country's record listing.

• Exchange approval is the last regulatory hurdle before IPO
• Offering size up to 92.3 billion pesos ($1.47 billion)
• GCash is the Philippines' largest mobile wallet