Philippines-based digital bank Maya seeks up to $1bn in US IPO – report

Maya, a fintech institution based successful the Philippines, is exploring the enactment of going nationalist successful the US, a determination that is expected to make betwixt $500m and $1bn, reported Bloomberg.

According to sources cited by the quality publication, advisers are moving with Maya towards a imaginable IPO arsenic soon arsenic this year.

Discussions are underway and some the timing and magnitude raised could change, noted the unnamed sources.

In effect to the report, Maya said it does not remark connected “market speculation” and is presently focused connected expanding its integer fiscal services wrong the Philippines.

Data from PLDT, a large backer of the company, amusement Maya’s integer slope had 5.4 cardinal customers and provided 68 cardinal pesos ($1.2bn) successful loans successful 2024.

Among different notable investors are KKR, Tencent Holdings, and the International Finance Corp. of the World Bank.

The information of overseas listings by Southeast Asian firms comes arsenic immoderate home markets lag down determination indices, noted the quality publication.

Maya Bank is the integer banking limb of Voyager Innovations and is supervised by the Bangko Sentral ng Pilipinas (BSP).

Maya Bank provides integer banking services to some idiosyncratic and concern clients done its scope of offerings, which see the Maya all-in-one app, Maya Business, and Maya Center.

Additionally, GCash, different Philippines-based fintech company, has reportedly delayed its planned IPO connected the Manila speech until astatine slightest the 2nd fractional of 2026.

The country’s securities regulator stated past twelvemonth that it would look to easiness free-float requirements for IPOs successful an effort to gully much ample companies to database locally.

"Philippines-based integer slope Maya seeks up to $1bn successful US IPO – report" was primitively created and published by Retail Banker International, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.