Mynt Inc., the parent company of GCash, has set the final price of its initial public offering (IPO) at P6.60 per share, paving the way for one of the biggest stock market listings in Philippine history.
The company will offer 8.027 billion common shares at the final price, which is significantly below the previously approved maximum offer price of P10 per share. At P6.60, the base offering is expected to raise about P53 billion.
Mynt also has an overallotment option covering up to 1.204 billion additional secondary shares. If fully exercised, the total value of the transaction could reach about P60.9 billion.
The final pricing follows the company’s book-building process and confirms the level at which major institutional investors had committed to participate in the offering. Cornerstone investors have committed about P36.5 billion, providing a substantial portion of the demand ahead of the public offering.
Among the institutional investors participating are major global asset managers and financial institutions, including Capital Research and Management, Citadel, HSBC Global Asset Management, the International Finance Corp. and Lazard Asset Management. Several Philippine investment firms are also participating as cornerstone investors.
The P6.60 price represents a 34% discount from the P10 maximum price previously indicated for the offering. The final valuation puts Mynt at roughly $7 billion based on the reported pricing.
Mynt’s IPO is being closely watched because of its size and the company’s position in the Philippine digital-finance sector. The transaction is expected to bring a major new publicly traded technology and financial-services company to the Philippine Stock Exchange.
The offering is also significant for the local equity market, which has recorded relatively limited fundraising activity in 2026 compared with the previous year. The transaction is therefore expected to be closely monitored by investors as a major test of appetite for large technology and fintech listings.
The IPO will include both primary and secondary shares. Under the approved structure, up to 1.605 billion shares are primary shares, while up to 6.422 billion are secondary shares being offered by existing shareholders.
Following the base offering, existing shareholders are expected to retain about 88% of Mynt. If the overallotment option is fully exercised, their combined ownership would be reduced to about 86.2%.
The public offer period is scheduled to run from October 6 to October 12, 2026. Mynt is scheduled to make its market debut on the Philippine Stock Exchange on October 20 under the ticker symbol GCASH.
The listing comes as GCash continues to operate as one of the Philippines’ largest digital financial platforms. The service has an active monthly user base of about 41.5 million, equivalent to roughly 56% of Filipino adults, according to figures reported ahead of the offering.
The final IPO price also gives investors a concrete reference point for valuing the company as it transitions from a privately held fintech business to a publicly traded corporation. Market attention will now shift toward the public subscription period and the stock’s performance when trading begins later this month.
With the pricing finalized, the next major milestones are the October 6 start of the public offering and the October 20 listing. The debut will provide the first public-market valuation of GCash parent Mynt and make its shares available for trading on the country’s main stock exchange.
