Maya, a digital bank from the Philippines, is reportedly planning to raise up to $1 billion by listing its shares in the United States. The company is said to be working with advisers to explore a US stock market listing.
Maya offers digital banking services such as savings accounts, loans, and payments. It also allows users to trade cryptocurrencies inside its app under local regulations.
Some users have reported temporary issues during periods of sharp crypto price increases. In certain cases, some tokens were marked unavailable for trading. These reports have raised questions about trading access during volatile markets.
Despite this, Maya continues to grow as a major fintech platform in the Philippines. A US IPO could give it access to larger pools of investment capital and increase its global visibility.
The move comes at a time when technology IPO activity in the US is slowly reopening.
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