MYNT, Inc., the financial technology (fintech) company behind GCash, has filed a registration statement with the Securities and Exchange Commission (SEC) and a list application with the Philippine Stock Exchange (PSE) for its proposed initial public offering (IPO), which is predicted within the fourth quarter (Q4).
In an announcement dated June 27, Mynt said the proposed offering will consist of as much as 8.03 billion common shares, with an overallotment option of as much as 1.20 billion additional secondary common shares.
The firm offer will comprise as much as 1.61 billion newly issued common shares under the first offer and as much as 6.42 billion existing common shares to be sold by current shareholders through a secondary offer.
For purposes of its SEC registration, Mynt used a suggestion price of as much as P10 per share, under which the proposed offering could raise gross proceeds of as much as P92.3 billion if the overallotment option is fully exercised.
The ultimate offer price will probably be determined through a book-building process.
In accordance with the corporate’s draft preliminary prospectus, the offer period is scheduled for Oct. 5 to 9. The proposed offering stays subject to regulatory approvals, market conditions, final pricing, and other applicable approvals.
Upon completion of the offering, Mynt expects to have about 66.9 billion outstanding common shares. The firm offer will represent about 12% of the corporate’s issued and outstanding capital stock, increasing to about 13.8% if the overallotment option is fully exercised.
Mynt, a partnership amongst Globe Telecom, Inc., Ayala Corp., and Singapore-based digital payments and financial technology provider Ant International, operates GCash through its wholly owned subsidiary, G-Xchange, Inc., and offers lending services through Fuse Financing, Inc.
For the yr ended Dec. 31, 2025, Mynt posted revenues of P79.8 billion and net income of P17.2 billion.
GCash recorded 39.1 million monthly energetic users in 2025 and processed P17 trillion in gross transaction value for payment solutions in the course of the yr. The platform also averaged 56.7 million transactions per day, based on the corporate.
Mynt became the Philippines’ first double-unicorn startup after a 2021 funding round valued the corporate at greater than $2 billion.
For the primary quarter, Globe reported that equity earnings from fintech affiliate Mynt rose 8% to P1.9 billion.
The listed telecommunications company also said Mynt accounted for 30% of its net income before tax in the course of the period.
“GCash has grow to be an indispensable a part of on a regular basis life for tens of 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’s good business in doing good, and that our growth is most meaningful when it creates lasting impact for more people,” Mynt President and Chief Executive Officer Martha M. Sazon said.
“As we embark on the subsequent chapter of Mynt, our mission stays steadfast: to succeed in and serve tens of millions more Filipinos, drive continuous innovation, and be certain that everyone seems to be safely, securely, and meaningfully included within the digital economy,” she added.
Mynt appointed Morgan Stanley & Co. International PLC, JP Morgan Securities plc, and UBS AG Singapore Branch as joint global coordinators for the offering.
Jefferies Singapore Ltd. will function international joint bookrunner, while BPI Capital Corp. and BDO Capital & Investment Corp. will act as domestic lead underwriters. The firms will collectively function joint bookrunners for the proposed IPO. — Alexandria Grace C. Magno