GCash Parent Mynt Sets October 2026 IPO on PSE

Mynt, the parent company of Philippine fintech platform GCash, plans to list on the Philippine Stock Exchange under the ticker GCASH between 19 and 20 October 2026. The GCash IPO will have an indicative price of up to ₱10 per share and comprise 8.03 billion shares, including 1.61 billion primary shares and 6.42 billion secondary shares. An overallotment option could add 1.20 billion shares. At the maximum price, the offering could raise more than ₱90 billion and value Mynt at about $8 billion. The GCash IPO schedule includes final price disclosure on 2 October and a public offer period from 5 to 12 October. Retail investors will receive 30% of the main offering, while institutional investors will receive 70%. Mynt expects about ₱14.9 billion from primary shares to fund GLoan, GGives and GCredit lending services, cloud infrastructure, artificial intelligence risk systems, tools for small businesses and liquidity reserves. Proceeds from secondary shares will go to existing shareholders, including Globe Telecom, the Ayala Group and Ant Financial. GCash reported 40.4 million monthly active users in March 2026 and processed ₱17 trillion in transaction volume during 2025. The scale of the GCash IPO is already prompting local and foreign funds to sell other Philippine equities to raise liquidity, creating short-term technical pressure across the PSE.