By 
MANILA, Philippines, Mynt, the parent company of Philippine mobile wallet GCash, has priced its initial public offering at 6.60 pesos per share, targeting approximately $845 million in proceeds in one of the largest IPOs in Philippine history.
The offering values the fintech company at a level that reflects growing investor interest in digital financial services across Southeast Asia. The institutional portion of the offering attracted strong demand from both international and domestic investors, with major participants including Capital Research, Citadel, HSBC Global Asset Management and the International Finance Corporation.
Mynt plans to sell up to 8.03 billion shares. If an additional allotment of up to 1.2 billion shares is fully exercised, total proceeds could rise to approximately 60.9 billion pesos, potentially making the transaction the largest IPO ever recorded in the Philippines.
Digital finance becomes a major growth story
GCash has developed from a mobile wallet into a broader digital financial services platform, offering products that extend beyond basic payments.
Mynt’s expansion reflects the wider evolution of fintech across emerging Asian economies, where mobile wallets have increasingly become entry points for payments, savings, credit and other financial services.
The company’s financial performance has also continued to grow. Mynt reported first-half 2026 revenue of 43.27 billion pesos, up 10.4% from the same period a year earlier, while net income increased 7.3% to 10.82 billion pesos.
The IPO proceeds are expected to support further expansion of Mynt’s digital financial services and product development, giving the company additional capital to compete in a rapidly developing fintech market.
IPO brings attention back to Philippine fintech
The listing is particularly significant for the Philippine capital market, which has experienced a sharp decline in fundraising activity during 2026.
Companies in the Philippines had raised only about $227.1 million through share sales by September 29, down 71% from the same period a year earlier, according to LSEG data cited by Reuters. Mynt’s offering therefore represents a major test of investor appetite for the country’s technology and fintech sector.
The institutional demand for the GCash parent also suggests that investors see opportunities in businesses serving increasingly digital economies. Mobile payments remain one of the strongest areas of fintech adoption across Southeast Asia, where large populations are shifting from cash toward app-based financial services.
Mynt’s shares are scheduled to begin trading on the Philippine Stock Exchange on October 20.
For the fintech sector, the listing could become an important benchmark for how public-market investors value digital financial platforms as they move beyond payments and build broader financial ecosystems.
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