Mynt (GCash) Files for up to P92.3-B IPO, Eyes Q4 Debut
Summary
Mynt, Inc. — the Globe/Ayala/Ant International fintech behind GCash — filed (June 27, 2026) a registration statement with the Philippine SEC and a PSE listing application for an IPO of up to 8.03B shares (plus 1.2B overallotment), targeting a Q4 2026 debut with gross proceeds of as much as P92.3 billion if the overallotment is fully exercised.
Key Facts
- Firm offer: 1.61B new primary + 6.42B existing secondary shares; overallotment 1.20B secondary.
- Registration offer price up to P10/share; final via book-building. Offer period scheduled Oct 5–9.
- Upon completion ~66.9B outstanding shares; offer ≈12% of capital stock (13.8% with overallotment).
- FY2025: revenues P79.8B, net income P17.2B; GCash had 39.1M monthly active users, processed P17 trillion gross transaction value, averaged 56.7M transactions/day.
- First Philippine "double-unicorn" (2021 round valued >$2B).
- Joint global coordinators: Morgan Stanley, J.P. Morgan, UBS; domestic leads BPI Capital, BDO Capital.
Why It Matters
Southeast Asia's largest fintech IPO filing to date — GCash reaching public markets validates the super-app/e-wallet-to-financial-platform model at national scale (≈half the country's adult population as active monthly users), and sets a regional benchmark for digital-finance exits.