GCash's plan to list on the Philippine Stock Exchange (PSE) is facing a test, as it is tied to the impact of new tariffs implemented by US President Donald Trump. According to Juan Carlo Puno, CFO of Globe Telecom Inc., they will wait for the right opportunity before filing for an initial public offering (IPO). Preparations are still ongoing, but they need to ensure the right timing in the face of uncertain global conditions.
The tariffs imposed by the United States are causing concern in economies, including the Philippines, which has been hit with a 17 percent tax on its exports. Puno said the tariff hike is affecting the interest and value of GCash, so they want to ensure that the IPO brings in the highest value. Despite the confusion, preparations for the IPO are ongoing.
GCash wants to be ready for an IPO, and when they find the right time with good value and interest, they will start the process. According to Globe President Carl Raymond Cruz, despite new risks in the capital market, they believe GCash is ready to record as one of the largest IPOs in Philippine history.
