Maya, a fintech firm based mostly within the Philippines, is exploring the choice of going public within the US, a transfer that’s anticipated to generate between $500m and $1bn, reported Bloomberg.
In line with sources cited by the information publication, advisers are working with Maya in direction of a potential IPO as quickly as this 12 months.
Discussions are underway and each the timing and quantity raised may change, famous the unnamed sources.
In response to the report, Maya stated it doesn’t touch upon “market hypothesis” and is at the moment targeted on increasing its digital monetary companies throughout the Philippines.
Information from PLDT, a serious backer of the corporate, present Maya’s digital financial institution had 5.4 million clients and offered 68 billion pesos ($1.2bn) in loans in 2024.
Amongst different notable traders are KKR, Tencent Holdings, and the Worldwide Finance Corp. of the World Financial institution.
The consideration of abroad listings by Southeast Asian corporations comes as some home markets lag behind regional indices, famous the information publication.
Maya Financial institution is the digital banking arm of Voyager Improvements and is supervised by the Bangko Sentral ng Pilipinas (BSP).
Maya Financial institution supplies digital banking companies to each particular person and enterprise purchasers by means of its vary of choices, which embrace the Maya all-in-one app, Maya Enterprise, and Maya Middle.
Moreover, GCash, one other Philippines-based fintech firm, has reportedly delayed its deliberate IPO on the Manila change till not less than the second half of 2026.
The nation’s securities regulator said final 12 months that it will look to ease free-float necessities for IPOs in an effort to attract extra massive corporations to listing domestically.
“Philippines-based digital financial institution Maya seeks as much as $1bn in US IPO – report” was initially created and printed by Retail Banker Worldwide, a GlobalData owned model.
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