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GCash to split stocks ahead of possible IPO
Gulf News
|June 04, 2025
The company behind the Philippines’ top mobile wallet GCash has approved a stock split to increase the number of its common shares amid plans for an initial public offering.
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Globe Fintech Innovations Inc. will reduce the par value of its common shares to 0.03 peso per share from 1 peso and increase the number of authorised common shares to 71.7 billion from 2.15 billion, according to shareholders Ayala Corp. and Globe Telecom Inc.
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