Globe [GLO 2006.00 ?0.8%; 111% avgVol] [link] CEO Ernest Cu said that the company might list GCash “sometime in 2025”. Mr. Cu also noted that while he prefers to conduct the IPO on the PSE, they are also considering the option of a dual listing to “take advantage of the liquidity in the US market.” GLO owns 35% of Mynt, the parent company of GCash, which was last valued at approximately US $2 billion in 2021. Other investors in Mynt include Ant Group (Alibaba), Warburg Pincus (American PE firm behind CNVRG IPO), Bow Wave Capital, and Ayala Corp [AC 625.00 ?0.9%; 27% avgVol].MB BOTTOM-LINE: According to reports, the Ant Group is likely to hold on to its shares through any IPO, but some of those other names (like Warburg Pincus and Bow Wave Capital) are of investors that will definitely need an IPO of some type to facilitate an exit. They’re not ride-or-die partners for GLO to help take GCash to higher and higher heights; they’re specifically designed to push huge sums of money into companies with promising IPO prospects, and then use an eventual IPO to sell out of the company entirely. So with that roster of investors, I fully expect that GLO and its co-investors will push to list GCash sooner rather than later. Until then, though, is anyone else getting tired of hearing GLO talk about it? They’re worse than MVP talking about hospitals and listing the hospitals unit.