GCash IPO draws oversubscribed broker orders

MANILA, Philippines — Demand for Mynt Inc.’s initial public offering (IPO) exceeded the shares allotted to several brokers, as investors sought a stake in the company behind GCash ahead of its Oct. 20 stock market debut. Regina Capital and Development Corp.’s allocation was four times oversubscribed, according to its head of sales, Luis Limlingan. READ: Strong