Por R$ 5,29 (-R$ 1,16 (17%) de desconto)

Por R$ 5,29 (-11% off)

The more noodles you slurp up, the more kinds of instant noodle-themed prizes you can enter to win.

The more noodles you slurp up, the more kinds of instant noodle-themed prizes you can enter to win. Nissin Foods is celebrating 55 years of its iconic Cup Noodle brand with the first-of-its-kind permanent Cup Noodle Point Program, in which you can enter to win fun prizes ranging from Cup Noodle’s Mystery Meat-themed functional decor […]

Por R$ 3,31 (-10% off)

GCash, the leading digital wallet in the Philippines, is set to make history with its upcoming Initial Public Offering (IPO) on the Philippine Stock Exchange (PSE). The IPO is expected to be the largest in the PSE's history, potentially exceeding the P55.89 billion record set by Monde Nissin in 2021, with an expected opening between P53 to P60.9 billion. Following the IPO, GCash will debut as one of the top ten most valuable companies on the PSE, with a post-IPO valuation of P442 billion. This valuation places GCash among major corporations like Ayala Corporation and SM Prime Holdings, which are traditionally dominant in the Philippine market. Unlike most companies listed on the PSE, which are asset-heavy businesses such as banks, utilities, and real estate developers, GCash operates as an asset-light enterprise. As of June 30, Mynt (GCash's parent company) had total assets of P237.8 billion, but only P906.9 million in property and equipment, representing less than 0.4% of total assets. The company's value is derived from its strong market position, with 41.5 million monthly active users, four times more than its closest competitor. This user base and market dominance are key drivers behind GCash's high valuation. The PSE currently faces challenges, including a smaller market size compared to other Southeast Asian exchanges like Singapore, Vietnam, and Thailand. The exchange has seen a decline in listed companies, with over P580 billion lost due to company exits in recent years. The PSE is dominated by traditional, asset-heavy companies, which limits its ability to attract high-growth tech ventures. GCash's entry is seen as a potential catalyst for change, but the PSE's strict IPO requirements may hinder the growth of other tech startups. To qualify for listing, companies must report a net income of P75 million cumulatively over three years or P50 million in the most recent fiscal year, which discourages growth-focused startups that prioritize scaling over immediate profits. GCash is not the only tech company eyeing an IPO. The PSE has reported that up to 15 tech firms are expressing interest in going public, with plans to establish a dedicated tech board to facilitate these listings. GCash's largest competitor, Maya, is also planning to go public in 2027. However, the success of GCash's IPO will depend on whether the PSE can adapt its requirements to better support high-growth tech companies, which could lead to a more dynamic and innovative market environment.

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