Maya, a fintech company based in the Philippines, is exploring the option of going public in the US, a move that is expected to generate between $500m and $1bn, reported Bloomberg.
According to sources cited by the news publication, advisers are working with Maya towards a possible IPO as soon as this year.
Discussions are underway and both the timing and amount raised could change, noted the unnamed sources.
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In response to the report, Maya said it does not comment on “market speculation” and is currently focused on expanding its digital financial services within the Philippines.
Data from PLDT, a major backer of the company, show Maya’s digital bank had 5.4 million customers and provided 68 billion pesos ($1.2bn) in loans in 2024.
Among other notable investors are KKR, Tencent Holdings, and the International Finance Corp. of the World Bank.
The consideration of overseas listings by Southeast Asian firms comes as some domestic markets lag behind regional indices, noted the news publication.
Maya Bank is the digital banking arm of Voyager Innovations and is supervised by the Bangko Sentral ng Pilipinas (BSP).
Maya Bank provides digital banking services to both individual and business clients through its range of offerings, which include the Maya all-in-one app, Maya Business, and Maya Center.
Additionally, GCash, another Philippines-based fintech company, has reportedly delayed its planned IPO on the Manila exchange until at least the second half of 2026.
The country’s securities regulator stated last year that it would look to ease free-float requirements for IPOs in an effort to draw more large companies to list locally.
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