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<\/p>\nThis is AI generated summarization, which may have errors. For context, always refer to the full article.<\/p>\n
\n\t\t\t\t\tThe new feature comes right after GCash introduced IPO subscription through GStocks PH\n\t\t\t<\/p>\n
Editor\u2019s note: This press release is sponsored by GCash and was handled by BrandRap, the sales and marketing arm of Rappler. No member of the news and editorial team participated in the publishing of this piece.<\/p>\n
As part of its commitment to making investing more accessible to all Filipinos, GCash is expanding GStocks PH to include Follow-On Offering (FOO) subscriptions. Offered by broker AB Capital Securities Inc., the FOO feature allows everyday investors to easily participate in additional share issuances from listed companies, beginning with Megawide\u2019s (MWIDE) Series 7 Preferred Shares.<\/p>\n
Through GStocks PH, Filipinos can invest in Megawide\u2019s Series 7 Preferred Shares, available in two tranches\u2014MWP7A offering a fixed dividend rate of 7.31% per year for three years, and MWP7B offering 7.70% per year for five years\u2014providing stable and attractive returns. The offer period opens on October 30 and closes on November 4, with the FOO directly accessible within GCash.<\/p>\n
In the past, subscribing to FOOs was often a complex and fragmented process for retail investors, requiring multiple platforms and high minimum investment amounts. GCash aims to improve this by offering a fully digital, seamless experience with added affordability.<\/p>\n
The MWIDE FOO on GStocks PH comes with a minimum investment of P1,000 per order or equivalent to 10 shares at P100 per share, further easing retail access. Accessible 24\/7 within the GCash app, GStocks PH allows investors to subscribe to the FOO anytime at their convenience. The platform also provides real-time transparency by immediately confirming allocation status while shares remain available through the broker.<\/p>\n
Expanding access to investing<\/p>\n
This latest development on GStocks PH strengthens efforts by GCash to make investing more inclusive for every Filipino, following the October launch of its in-app Initial Public Offering (IPO) subscription feature. Through GStocks PH, Filipinos can now easily open a stock trading account, fund it using their GCash wallet, and subscribe to both IPOs and FOOs all within one platform.<\/p>\n
\u201cExpanding GStocks PH capabilities to now include FOOs gives everyday investors even more pathways toward building their financial future,\u201d said Winsley Bangit, group head of New Businesses at Mynt, the parent company of GCash. \u201cThis continues the momentum of the IPO subscription feature we introduced just last month and represents an exciting step in our mission to democratize investing for all Filipinos.\u201d<\/p>\n
\u201cThrough our continued collaboration with GCash, AB Capital Securities is thrilled to extend this innovation to more investors,\u201d said Hazel Tanedo Tan, president of AB Capital Securities Inc. \u201cThe added digital FOO feature on GStocks PH brings us closer to our goal of championing stronger access to the capital markets and empowering more Filipinos to strive toward their financial goals.\u201d<\/p>\n
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Fully verified GCash users can subscribe to FOOs through GCash by opening the app, going to GInvest and tapping GStocks PH. The feature is available during the Megawide Series 7 FOO and other Follow-On Offerings in the future.<\/p>\n
GCash remains committed to providing accessible and inclusive financial tools that help Filipinos invest, build wealth, and secure a better financial future.<\/p>\n