Up to 13.8% stake on offer as fintech giant targets fourth-quarter listing and expansion into wider financial services
Mynt Inc., the company behind GCash, has filed for a ₱92.32B IPO with the Securities and Exchange Commission, targeting a fourth-quarter listing.
The offering will cover up to 13.8% of Mynt’s ownership, split between primary and secondary shares, with an additional allocation for a greenshoe option. Pricing is set at up to ₱10 per share, placing the deal on track to become potentially the largest IPO in Philippine history depending on final execution.
GCash now has 39.1 million monthly active users and processes 56.7 million daily transactions worth ₱17 trillion in annual value. The company posted ₱79.8 billion in revenue and ₱17.2 billion in net income.
Nearly half of Filipino adults now use the platform, with a large share of users outside Metro Manila and many coming from lower-income households. Its reach has turned mobile wallets into a core tool for payments, transfers, savings, and small business activity across the country.
Mynt said the listing will support its next phase of expansion across payments, credit, savings, and other financial services.
