Mynt, the parent company of mobile wallet GCash, has filed for a listing on the Philippine Stock Exchange (PSE) as it advances plans for an initial public offering (IPO).
In a statement, the company said it has submitted a registration statement to the Securities and Exchange Commission of the Philippines (SEC) and applied to list on the PSE Main Board.
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The IPO is expected in the fourth quarter of 2026, subject to regulatory approvals and market conditions.
Although the final offer price will be set through a book-building process, Mynt used an indicative price of up to 10 pesos per offer share for SEC filing purposes. Based on that reference price, the offering could raise gross proceeds of up to 92.3bn pesos ($1.5bn), assuming full exercise of the overallotment option.
The IPO may include up to 8.027 billion common shares as firm shares. This will comprise up to 1.605 billion unissued common shares through a primary offer and up to 6.422 billion issued common shares to be sold by existing shareholders through a secondary offer.
The proposed offering also includes an overallotment option of up to 1.204 billion secondary common shares.
After completion of the offer, Mynt expects a total of 66.896 billion common shares to be issued and outstanding. The firm shares are expected to represent about 12% of Mynt’s issued and outstanding capital stock.
If the overallotment option is fully exercised, the offer shares would represent about 13.8%, the company said.
Mynt president and CEO Martha Sazon said: “As we embark on the next chapter of Mynt, our mission remains steadfast: to reach and serve millions more Filipinos, drive continuous innovation, and ensure that everyone is safely, securely, and meaningfully included in the digital economy.”
Founded in 2004, GCash is one of the largest digital cashless ecosystems in the Philippines.
For the year ended 31 December 2025, GCash served 39.1 million monthly active users and processed 17.0trn pesos in payment solutions gross transaction value, according to the statement.
The platform also recorded 56.7 million daily average transactions during the period.
Sazon added: “GCash has become an indispensable part of everyday life for millions of Filipinos. From 90 million registered users, today about 40 million now actively use the platform every month, representing nearly half of the country’s adult population.
“Roughly 78% of GCash users reside outside Metro Manila, and 92% belong to lower-income groups. This reflects our belief that there is good business in doing good, and that our growth is most meaningful when it creates lasting impact for more people.”
Mynt named Morgan Stanley & Co. International, J.P. Morgan Securities, and UBS Singapore Branch as joint global coordinators. Jefferies Singapore was appointed as international joint bookrunner.
The company will make “further disclosures” in line with applicable requirements as the process progresses.
