GCash IPO bid gains momentum with board approval
Mynt said the offer would cover 12% of outstanding stock and could raise about $1 billion, analysts said.
- On Wednesday, Mynt, the fintech firm operating the country's largest finance superapp GCash, announced its board approved filing a registration statement with the Securities and Exchange Commission and a listing application with the Philippine Stock Exchange.
- Mynt President and CEO Martha Sazon stated the board's authorization allows the company to progress toward a potential public listing as the next step in its growth journey after being considered IPO-ready since early 2025.
- Analysts estimate the offer could raise around $1 billion, seeking a valuation of at least $8 billion, as the company plans to sell shares equivalent to 12% of its outstanding capital stock.
- If completed, the listing would rival the roughly $1 billion raised by Monde Nissin in 2021, the Philippines' largest IPO to date, as Mynt reported a P5.6 billion profit in the first quarter of 2026.
- The proposed listing remains subject to customary requirements, market conditions, and regulatory approvals. Mynt will disclose further details regarding the transaction at the appropriate time.
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GCash IPO bid gains momentum with board approval
MANILA, Philippines – The company behind fintech giant GCash has taken its clearest step yet toward a long-awaited stock market debut after securing approvals to pursue a potential initial public offering (IPO). On Wednesday, Mynt, the fintech firm operating the country’s largest finance superapp, said its board had approved the filing of a registration statement with
GCash parent firm approves potential IPO in PSE
MANILA, Philippines – Fintech giant GCash is now one step closer to going public after its board of directors approved the potential filing of an initial public offering (IPO) with the Philippine Stock Exchange (PSE), Ayala Corporation and Globe Telecom disclosed to investors on Wednesday, June 17. The board and shareholders of GCash’s parent firm Mynt approved the filing of a registration statement with the Securities and Exchange Commission an…
GCash parent Mynt wins approval for IPO in the Philippines
Mynt, the Philippine fintech company behind digital wallet GCash, said on Wednesday its board and shareholders had approved the filing of a registration statement with the Securities and Exchange Commission and a listing application with the Philippine Stock Exchange for a potential initial public offering (IPO). The offer will be equivalent to 12 percent of Mynt’s total outstanding capital stock post-IPO, with each common share having a par val…
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