GCash parent Mynt files for potential IPO w/ 12% share offering on PSE

Mynt, the fintech pioneer behind finance superapp GCash, has taken a major step toward potentially going public.

GCash parent Mynt files for 12% IPO

Mynt/GCash eyes potential IPO

File photo: Mynt GCash logos

In a press release, the group announced that its Board of Directors and shareholders have authorized the filing of a registration statement with the Securities and Exchange Commission (SEC) and a listing application with the Philippine Stock Exchange (PSE) for a potential initial public offering (IPO).

The offer will cover 12% of Mynt's total outstanding capital stock post‑IPO, comprising both primary and secondary shares under the proposed terms. 

Each common share carries a par value of PHP 0.03.

Globe Telecom, Inc. has likewise disclosed this information in line with corporate governance and disclosure requirements.

To recap, Mint was founded in 2015. Since then, the company has built a nationwide digital finance ecosystem through GCash, which began as an SMS‑based remittance service in 2004. 

Today, GCash serves consumers, merchants, and enterprises across payments, lending, and other digital financial services.

Over the past decade, Mynt has evolved from an e-wallet operator into the Philippines' number one finance superapp and largest cashless ecosystem, said Martha Sazon, President and CEO of Mynt. The authorization of our Board and shareholders allows us to work toward a potential public listing as the next step in Mynt's growth journey, while continuing to focus on the priorities that have brought us to this point: serving customers, supporting merchants, strengthening our platform offering, and building the business for the long term.

We hope Mynt's journey could also inspire Filipino companies and startups, fostering a spirit of innovation and entrepreneurship in the local tech community, all while promoting the Philippines as a vibrant hub for technology and fintech innovation in Southeast Asia, said Sazon.

Source: Mynt