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 accordance with sources cited by the information publication, advisers are working with Maya in direction of a doable IPO as quickly as this 12 months.
Discussions are underway and each the timing and quantity raised might change, famous the unnamed sources.
In response to the report, Maya mentioned it doesn’t touch upon “market hypothesis” and is at the moment targeted on increasing its digital monetary companies throughout the Philippines.
Knowledge from PLDT, a significant backer of the corporate, present Maya’s digital financial institution had 5.4 million clients and supplied 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 gives digital banking companies to each particular person and enterprise shoppers by means of its vary of choices, which embody the Maya all-in-one app, Maya Enterprise, and Maya Heart.
Moreover, GCash, one other Philippines-based fintech firm, has reportedly delayed its deliberate IPO on the Manila alternate till not less than the second half of 2026.
The nation’s securities regulator acknowledged final 12 months that it will look to ease free-float necessities for IPOs in an effort to attract extra giant corporations to listing regionally.
“Philippines-based digital financial institution Maya seeks as much as $1bn in US IPO – report” was initially created and revealed by Retail Banker Worldwide, a GlobalData owned model.
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