GCash parent Mynt advances PSE IPO with SEC registration filing

Insider Spotlight

• Mynt has submitted a registration statement to the SEC and a listing application with the PSE for a proposed initial public offering.
• The planned IPO will cover shares equivalent to 12 percent of Mynt’s outstanding common shares after listing through a mix of primary and secondary shares.
• The fintech said the proposed listing remains subject to regulatory approvals, market conditions, and other customary closing requirements.

GCash parent Mynt has taken another step toward its long-awaited stock market debut after submitting a registration statement to the Securities and Exchange Commission (SEC) and a listing application with the Philippine Stock Exchange (PSE) for a proposed initial public offering (IPO).

In a statement on the evening of Saturday, June 27, 2026, the company said the proposed offering will represent 12 percent of its total outstanding common shares after the IPO, expected to happen in the fourth quarter of this year.

• Offer size: Mynt plans to offer up to 8.03 billion common shares, with an overallotment option of up to 1.2 billion additional shares, subject to regulatory approvals and market conditions.
• Primary and secondary shares: The base offer consists of up to 1.61 billion newly issued shares (primary offer) and 6.42 billion existing shares sold by current shareholders (secondary offer).
• Public float: After the IPO, Mynt expects to have 66.9 billion outstanding shares. The base offer will represent about 12 percent of the company, rising to about 13.8 percent if the overallotment option is fully exercised.
• Indicative proceeds: Based on an indicative maximum price of P10 per share for SEC registration purposes, the IPO could raise up to P92.3 billion in gross proceeds if the overallotment option is fully exercised.

Martha Sazon

The GCash chief is hoping that Mynt's IPO will also inspire other Filipino startups.

Why it matters

The move marks a significant milestone for the Philippines’ largest fintech company and could pave the way for one of the country’s biggest stock market listings. Analysts have widely viewed Mynt’s IPO as a landmark transaction that could deepen activity in the local capital market.  

Mynt is the parent company of GCash, which has grown from an SMS-based money remittance service launched in 2004 into the country’s largest finance superapp offering digital payments, lending, savings, insurance, investments, and other financial services. The company describes itself as the Philippines’ first and only $5 billion unicorn.

What they said

“Over the past decade, Mynt has evolved from an e-wallet operator into the Philippines’ number one finance superapp and largest cashless ecosystem,” Mynt president and CEO Martha Sazon said.

“The authorization of our board and shareholders allows us to work toward a potential public listing as the next step in Mynt’s growth journey, while continuing to focus on the priorities that have brought us to this point: serving customers, supporting merchants, strengthening our platform offering, and building the business for the long term,” she explained.

Sazon added, “We hope Mynt’s journey could also inspire Filipino companies and startups, fostering a spirit of innovation and entrepreneurship in the local tech community, all while promoting the Philippines as a vibrant hub for technology and fintech innovation in Southeast Asia.”

The listing remains subject to SEC registration, PSE approval, prevailing market conditions, governance clearances, and other customary conditions.

— Edited by Daxim L. Lucas