Mynt launches ₱53 billion IPO for GCash parent company

Mynt Inc., the parent company of the digital wallet GCash, has launched an initial public offering (IPO) in the Philippines. The offering period runs from October 6 to October 12, 2026, with shares priced at ₱6.60 each. If the overallotment option is fully exercised, the deal could raise up to approximately ₱60.9 billion, potentially making it the largest IPO in Philippine history.

Retail investors can participate directly through the GCash app via the GStocks PH service, powered by AB Capital Securities Inc. Users can subscribe with a minimum order of 100 shares (approximately ₱660). For orders placed on October 6 and 7, the first 100 shares will be allocated in real time, subject to availability.

The IPO has attracted significant institutional interest, with over 20 global and local entities including BlackRock, IFC, BPI Asset Management, and Metropolitan Bank & Trust Company committing to the offering. Mynt is expected to begin trading on the Philippine Stock Exchange on October 20 under the ticker GCASH.