Philippine digital bank Maya eyes US IPO of up to $1B

Philippine digital bank Maya is considering an initial public offering (IPO) in the U.S. of up to $1 billion, according to Bloomberg. The company is reportedly in discussions with advisors regarding the listing process. Maya holds a digital banking license from the central bank of the Philippines and operates a regulated in-app cryptocurrency trading service. Local legal expert Nathan Marasigan said that while a U.S. listing is possible, the company would need to demonstrate a stable revenue structure and risk management capabilities comparable to those of a traditional bank. Market observers are now watching to see whether Maya's crypto business will be viewed as a growth driver or a volatility factor in its IPO valuation.