Mynt, parent of GCash, completes largest IPO in Philippine history

Mynt, Inc., the parent company of the digital finance platform GCash, has officially begun trading on the Philippine Stock Exchange (PSE) under the ticker symbol GCASH. The listing marks the largest Initial Public Offering (IPO) in the history of the Philippine stock market, raising approximately ₱60.9 billion (about $966 million).

The company debuted with an opening price of ₱6.60 per share, resulting in an initial market capitalization of roughly ₱442 billion (approximately $7 billion). The offering saw significant demand from both institutional and retail investors, with the institutional tranche being multiple times oversubscribed.

Notably, the domestic offering saw high engagement from individual users, with the GStocks PH platform securing ₱1.1 billion in order value from at least 140,000 retail investors. The bell-ringing ceremony at the PSE was led by Philippine President Ferdinand Marcos, Jr., alongside executives from Mynt, Ayala Corporation, and the Philippine Stock Exchange.