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GCash
brings inclusive, world-class wealth management tools within reach of millions
of Filipinos
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The inaugural offerings, launched in October
through the e-wallet’s new IPO and FOO subscription feature on GStocks PH,
offered by broker AB Capital Securities Inc., marked a milestone for Filipino
investors. On GCash, the Maynilad (MYNLD) IPO was oversubscribed by over 200%,
and Megawide’s (MWIDE) Series 7 Preferred Shares FOO nearly 300%. For MYNLD,
the original tranche of the brokerage’s allocation for the e-wallet was fully
taken up within the first 12 hours. Even with the heightened demand, all
GStocks PH orders placed for the two offerings were fully allocated by AB
Capital Securities.
“These recent milestones show Filipinos are
increasingly enthusiastic about exploring investment opportunities when
provided the proper tools and access,” said Winsley Bangit, group head of new businesses
at Mynt, the parent company of GCash. “The encouraging response to the Maynilad
IPO and Megawide FOO on our platform demonstrates that being able to invest and
plan for a brighter future is no longer limited to a few.”
“AB Capital Securities is proud to continue
innovating with GCash to bring the stock market closer to more Filipinos,” said
Hazel Tanedo Tan, president of AB Capital Securities Inc. “Together, we’re
ensuring that opportunities like IPOs and FOOs become increasingly accessible
to every investor who wants to be part of the local growth story.”
“By bringing share issuances to a digital
platform like GStocks PH, we’re driving greater retail participation and
expanding the online investment experience for more Filipinos,” she added.
“This helps AB Capital connect more investors with opportunities to grow their
wealth and engage with the capital markets.”
Transforming stock market access
The introduction of IPOs and FOOs on GCash, the
country’s leading finance superapp and largest cashless ecosystem, opens a new
way for listed companies to scale growth while directly strengthening access
for individual investors.
“The recently concluded MYNLD IPO and MWIDE FOO
on GCash set a strong proof of concept for future offerings. It underscores the
potential of bringing investment opportunities directly to a platform millions
of Filipinos trust and use every day,” said John Garcia, head of market education
for Wealth Management at GCash. “By simplifying what was once a tedious and
uncertain subscription process into just four taps on GCash, we’re directly
supporting a traditionally underserved segment of investors—everyday
Filipinos.”
As of June 2024, the Philippine Stock Exchange
(PSE) reported 2.86 million stock market accounts, with 99% belonging to local
investors. For context, this accounts for just around 4% of the country’s
roughly 70 million adults, underscoring the considerable potential for growth
in retail investing.
Continued focus on innovation
GCash continues to enable broader stock market
access with innovations aimed at a more inclusive and transparent experience.
The fully digital onboarding process on GStocks PH eliminates manual paperwork
and the need to use multiple platforms, comprising an entirely seamless
experience from opening a trading account and funding it via the e-wallet to
placing stock orders.
GStocks PH aligns the minimum investment
requirement for share issuances with the boardlot—effectively lowering the
minimum investment amount and reducing high capital requirements for ordinary
Filipinos.
In addition, the in-app IPO and FOO meter on
GStocks PH gives investors real-time visibility into available shares within
the guaranteed allocation and instantly confirms their orders. This ensures
that investors are guaranteed their subscriptions as long as the broker’s
initial allocation is still available—setting GStocks PH apart from other
trading platforms. If an offering becomes oversubscribed and demand exceeds the
initial allocation, investors can continue to place orders through the app and
will receive a notification confirming their final status at the end of the
offer period.
Maynilad opened its common shares to the public
for the first time last October, enabling Filipinos to invest in the country’s
largest private water concessionaire. Meanwhile, Filipinos also gained access
to Megawide’s Series 7 Preferred Shares, offering stable and attractive returns
from the engineering and infrastructure leader.
With its recent GStocks PH innovations, GCash is
making the stock market more accessible, inclusive, and transparent for
everyday users. By introducing world-class access to wealth management, the
e-wallet continues its mission to democratize investing, empowering millions of
Filipinos to build their financial future with greater ease.
For more information, visit www.gcash.com
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