Mynt pushes ahead with IPO plans

Globe clears GCash parent firm for PSE debut.

GCash parent company Mynt will push through with its application to trade on the Philippine Stock Exchange (PSE).

Globe Telecom disclosed to the PSE on June 17 that its Board of Directors had approved the documents to be filed with regulatory authorities for Mynt’s listing application.

Mynt is eyeing an initial public offering (IPO) equivalent to up to 12.0% of outstanding common shares post-IPO, with a par value of ₱0.03 per common share. Primary and secondary offers will be made, subject to prevailing market conditions at the time of listing.

In May, Globe said it was postponing IPO plans for Mynt due to volatile economic conditions amid global fuel supply woes.

The Securities and Exchange Commission approved a stock split in October 2025, separating Mynt shares from Globe Telecom stock. Mynt’s common shares were then increased to 71.66 billion from 2.1 billion, while authorized capital stock was kept at ₱2.15 billion.

If approved, Mynt could be the first native fintech firm on the PSE. The development is a major gain for the digital economy, signaling market confidence and sustainable growth as the country’s pioneering fintech ventures seek more mature capital markets.