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Timing is everything – in dance, in comedy, and in deciding when to take a company public.
Investors need to understand the business model and be excited for the chance to buy in, while the company must be ready for the onerous documentation procedures. These are just a few of the countless elements that need to be in place at the right time.
One might think that a company could only go public after showing the ability to turn a consistent profit, but that hasn’t always been the case. Just look at Grab and GoTo: The Southeast Asian super apps saw significant declines in value after listing.
GCash, on the other hand, is already profitable, so does that mean the fintech giant from the Philippines is ready to make its market debut?
The timing of the IPO will depend on market conditions, according to Ernest Cu, president and CEO of GCash parent Globe Telecom. But he does want GCash to be “push-button ready” for the big day.
Check out today’s Big Story for a look at GCash’s prospects.
— Peter
THE BIG STORY
Image credit: Timmy Loen
GCash eyes IPO, rejects digital bank route
The Philippines-based fintech firm has been profitable since 2021 and is now valued at US$5 billion.
3 Trends to keep an eye on
Hot stocks, earnings reports, restructuring, pressure from activist investors, and more.
Managing partner of Asia Partners, Nick Nash / Photo credit: Tech in Asia
2 Eye-popping facts
The one you didn’t see coming
Learn from founders’ stories of pivots and resilience
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