Philippines-based fintech Mynt has raised $967m from what is the country's biggest ever IPO.
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The operator of mobile wallet GCash floated on the Philippine Stock Exchange saw its share price rise as a result, climbing by as much as 2.4%
The successful IPO also came amid some trepidation among investors globally around tech stocks given the extent of AII-related sell offs in equity markets.
The IPO was also hailed by Philippine Stock Exchange president and CEO Ramon Monzon who said: "It is a record and, more importantly, a statement of confidence in Mynt, in the Philippine economy and in the strength of our capital market."
Meanwhile Mynt president and CEO Martha Sazion said the listing marked a new stage in the company's effort to widen access to financial services and that the capital would be used to fund growth in its digital financial services business, product development and general corporate purposes.