Maya is reportedly exploring a US initial public offering that could raise up to $1 billion, according to Bloomberg, as it seeks deeper capital access beyond local markets.
The company operates under a digital banking licence from the Bangko Sentral ng Pilipinas and offers savings, loans, payments and merchant services alongside a regulated in-app cryptocurrency trading platform.
A US listing is “doable, but the timing will be judged on whether the company can present a stable, bank-quality earnings story in a market that’s still selective,” said Nathan Marasigan, partner at Manila-based MLaw Office.
Observers say investors will likely assess how much Maya’s crypto segment contributes to revenue and whether its volatility or regulatory exposure complicates the broader banking narrative.
Users have reported intermittent issues with crypto trades during periods of sharp price movements, with certain tokens temporarily marked unavailable, though Maya has not publicly detailed the scale or cause of such disruptions.
US IPO activity rebounded in 2025 with 202 listings raising about $44 billion, providing a potentially favourable backdrop for fintech issuers seeking international capital.
Analysts say a successful listing will depend on whether Maya can demonstrate disciplined risk management and governance while positioning its crypto offering as complementary rather than disruptive to its core banking operations.