Biggest Philippine Fintech Company Is Said to Pick Banks for IPO.

GCash, the largest fintech platform in the Philippines, is reportedly working with banks such as JPMorgan Chase & Co., Morgan Stanley, and UBS Group AG on a potential initial public offering (IPO) this year. Other banks like HSBC Holdings Plc and Jefferies Financial Group Inc. may also be involved in arranging the deal. GCash's app offers various financial services in the Philippines, with 94 million Filipinos having used it. Recent investments from Mitsubishi Corp. and Mitsubishi UFJ Financial Group Inc. have increased GCash's valuation to $5 billion, with backing from Jack Ma's Ant Group as well. [Extracted from the article]