Deliberations are ongoing and details of the offering such as size and timeline could still change, the people said.
GCash, the biggest fintech platform in the Philippines, has invited banks to pitch for an initial public offering in Manila to potentially raise US$1 billion ($1.34 billion) to US$1.5 billion, according to people familiar with the matter.
The company intends to list in the second half of 2025, the people said, asking not to be identified because the information is private. An IPO of that size would likely make it the biggest ever in the Philippines.
