Biggest Philippine Fintech Company Is Said to Pick Banks for IPO
- GCash working with JPMorgan, Morgan Stanley, UBS on share sale
- Firm is looking to potentially raise up to $1.5 billion in IPO
GCash, the biggest fintech platform in the Philippines, has picked banks to work on an initial public offering that could take place this year, according to people familiar with the matter.
GCash has selected JPMorgan Chase & Co., Morgan Stanley and UBS Group AG to work on the potential share sale, the people said, asking not to be identified because the matter is private. Other banks that may also help to arrange a deal include HSBC Holdings Plc and Jefferies Financial Group Inc., the people said.