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GCash parent Mynt Inc. is planning an IPO that could raise up to P92.3 billion, potentially the largest in Philippine history.
MANILA, Philippines — Mynt Inc., the parent company of GCash, is set for an initial public offering that could raise up to P92.3 billion, potentially making it the largest IPO in Philippine history if approved and fully priced at the top end of its range.
In a statement on June 27, Mynt said it had submitted its registration statement to the Securities and Exchange Commission and its listing application for the main board of the Philippine Stock Exchange.
The company is looking to launch the offer by the fourth quarter of 2026.
Mynt set a maximum indicative price of P10 per share in its preliminary regulatory applications.
According to its SEC filing, the offer will include up to 8.03 billion firm shares, composed of up to 1.61 billion new shares and up to 6.42 billion secondary shares from existing stockholders.
The IPO also includes an overallotment option of up to 1.2 billion secondary common shares.
GCash's scale. As of Dec. 31, 2025, Mynt said GCash had reached 39.1 million monthly active users.
The fintech platform handled an average of 56.7 million transactions a day and recorded annual gross transaction value of P17 trillion for its payment solutions.
Mynt posted P79.8 billion in revenue and P17.2 billion in net income during the same period.
If approved and completed at its maximum indicative price, Mynt's IPO would surpass the country's current record-holder, Monde Nissin Corp., which raised P48.6 billion in 2021.
