GCash parent Mynt has formally launched its long-awaited initial public offering (IPO), filing for what could become the largest stock market debut in Philippine history as the fintech giant looks to raise up to 92.3 billion pesos (US$1.5 billion) later this year.
The company has submitted its registration statement to the Securities and Exchange Commission and applied to list on the main board of the Philippine Stock Exchange, with the offering expected to take place in the fourth quarter, subject to regulatory approvals and market conditions.
The proposed IPO will comprise up to 8.03 billion common shares, including 1.61 billion newly issued shares through a primary offering and up to 6.42 billion existing shares sold by current shareholders. Mynt is also offering an overallotment option of up to 1.2 billion additional secondary shares.
Don’t miss: GCash parent Mynt advances listing plans with shareholder green light
The final offer price will be determined through a bookbuilding process.
The listing would also mark a milestone for Mynt, whose flagship mobile wallet GCash has evolved from an SMS-based payment platform into one of the Philippines’ largest digital financial services ecosystems, with a focus on expanding financial inclusion.
According to the company, GCash recorded 39.1 million monthly active users in 2025 and processed 17 trillion pesos (US$277 billion) in gross transaction value, handling an average of 56.7 million transactions each day.
Mynt also reported revenues of 79.8 billion pesos (US$1.3 billion) and net income of 17.2 billion pesos (US$280 million) in 2025, highlighting the platform’s continued profitability ahead of its planned market debut.
Martha Sazon, president and CEO of Mynt, said that around 40 million Filipinos actively use GCash every month from its base of 90 million registered users, representing nearly half of the country’s adult population. Approximately 78% of users are based outside Metro Manila, while 92% belong to lower-income segments.
“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,” she said.
The proposed listing is also expected to serve as a gauge of investor appetite for Southeast Asia’s fintech sector, where digital wallets have seen rapid adoption alongside intensifying competition and greater regulatory scrutiny.
Founded in 2015, Mynt is backed by Globe Telecom, Ayala Corporation and Ant Group. Morgan Stanley, JPMorgan and UBS are acting as joint global coordinators for the IPO, alongside Jefferies, BPI Capital and BDO Capital.
Step into PR Asia Philippines 2026 on 9 September in Manila, where communications leaders will unpack the realities of trust, nationalism, misinformation, and polarisation shaping the country’s evolving narrative landscape.
Related articles:
Klook and GCash team up for travel card to reward Filipino travellers
GCash partners with Happy Marketer to drive digital performance in the Philippines
Social media firm Xiaohongshu prepares for Hong Kong IPO
