Mynt, the parent company of Philippine digital wallet GCash, has set its initial public offering price at ₱6.60 per share, according to two sources with knowledge of the deal. The IPO could raise about ₱53 billion, which would make it one of the largest share sales in the history of the Philippines.
The news comes on October 1, 2026, as investors await one of the most closely watched market debuts in the country. Mynt plans to sell as many as 8.03 billion shares as part of the offer. If the company uses its full overallotment option, it could sell another 1.2 billion shares. In that case, total proceeds could reach about ₱60.9 billion, based on Reuters calculations.
The planned IPO also gives investors a chance to buy a stake in the company behind GCash, one of the best-known digital wallet brands in the Philippines. The listing is set for October 20, 2026, based on the IPO schedule.
Mynt does not confirm the price
Although two sources told Reuters that the IPO price is ₱6.60 per share, Mynt has not officially confirmed the figure.
When Reuters asked the company about the price, Mynt said it could not comment on market speculation. The company also said stakeholders should rely on its official announcements.
This detail matters because the price reported by sources and the final price stated in an official company filing are not the same thing. For now, the ₱6.60 figure is the reported IPO price, while Mynt has pointed investors toward its formal disclosures for official information.
The Philippine Stock Exchange had earlier approved Mynt’s IPO application. The exchange said Mynt would offer 8.03 billion primary and secondary common shares. This includes up to 1.61 billion primary shares and up to 6.42 billion secondary shares. The company also has an overallotment option of up to 1.20 billion secondary shares.
A major IPO for the Philippines
The size of the Mynt deal makes it important for the Philippine stock market. Mynt’s IPO could become one of the largest public share sales in the country’s history.
The Philippine equity market has had a relatively quiet year for new equity capital. Companies had raised only about $227.1 million through equity capital market transactions as of September 29, according to LSEG data cited by Reuters.
Against that backdrop, a deal worth about ₱53 billion could bring a large amount of new activity to the market. A full exercise of the overallotment option could lift the amount to about ₱60.9 billion.
The scale also shows how large Mynt has become as a financial technology company. GCash has a major role in the Philippine digital payments space, and the public offer will give market investors a direct way to own shares in its parent company.
GCash parent heads to the stock market
Mynt is the company behind GCash, the Philippine mobile wallet. GCash has become a major part of everyday digital finance in the country, with users able to access wallet, payment and other financial services through the platform.
The IPO will shift Mynt from a private company structure toward life as a publicly traded company. After the listing, investors will be able to buy and sell its shares on the Philippine Stock Exchange.
The exchange has approved the listing under the trading symbol GCASH. The planned debut date is October 20, 2026.
The IPO also comes with a strong focus on digital finance. According to the Philippine Stock Exchange, proceeds from Mynt’s primary shares will support digital financial services growth initiatives, product development and general corporate purposes.
That gives the IPO a wider business angle beyond the listing itself. The money raised from primary shares can support Mynt’s future plans and help the company expand its financial services.
Large investors have already committed
Another major part of the IPO is the role of cornerstone investors. These are large institutions that agree to buy shares before the public offer opens.
According to the preliminary prospectus dated September 22, cornerstone investors have agreed to buy ₱36.5 billion worth of shares.
The group includes several major global investment firms. These names include Capital Research and Management Company, Citadel Multi-Strategy Equities Master Fund Ltd, FIL Investment Management (Hong Kong), HSBC Global Asset Management, International Finance Corporation and Lazard Asset Management.
There are also local cornerstone investors. They include ATRAM Trust Corporation, BPI Asset Management and Trust Corporation, and China Bank Capital Corporation.
The ₱36.5 billion commitment is a large part of the planned ₱53 billion IPO. It shows that the offer already has commitments from major institutions before shares become available to the wider public.
For ordinary investors, however, the public offer remains a separate part of the process. The final details of the share allocation and the exact amount available to each investor will depend on the official IPO documents.
The IPO could reach ₱60.9 billion
Mynt plans to sell up to 8.03 billion shares. At the reported price of ₱6.60 per share, that gives the main deal a value of about ₱53 billion.
There is also an overallotment option for up to 1.2 billion additional shares. If the full option is used, the total proceeds could rise to about ₱60.9 billion.
An overallotment option gives the deal more flexibility if demand is strong. It can allow additional shares to enter the market under the terms of the offering.
The important point for investors is that ₱53 billion is the main reported target, while ₱60.9 billion is the potential total if the full 1.2 billion-share option is used. These two figures should not be treated as the same amount.
IPO offer period starts before the debut
The IPO timeline gives investors several important dates to note.
The Philippine Stock Exchange said the offer period is set for October 6 to October 12, 2026. The final offer price was set for October 1 after the book-building process. The planned stock market debut is October 20, 2026.
This means the reported price of ₱6.60 comes before the public offer period. Investors who want to take part in the IPO will need to follow the official offer documents and the rules of their chosen broker or participating platform.
The exchange has also said that local small investors can subscribe through the PSE EASy website or mobile application. Mynt’s IPO is also expected to have a retail link through GStocks inside the GCash app, which could make access easier for some retail investors.
A new test for the Philippine market
The Mynt IPO arrives at an important point for the Philippine equity market. The country has seen only $227.1 million in equity capital market transactions through September 29 this year, based on LSEG data cited by Reuters.
A large IPO can bring fresh attention to the stock market. It can also create more activity among both institutional and retail investors.
The size of Mynt’s deal is especially notable because the company has a strong connection to digital payments and financial technology. Investors will get a chance to assess the company through the public market once its shares begin to trade.
The October 20 debut will therefore be an important date for Mynt and the Philippine Stock Exchange. It will show how the market values the company after the IPO process moves from private commitments to open share trading.
What investors need to watch
The ₱6.60 per share price is the key number from today’s report. The next major points are the public offer period, share allocation and the October 20 market debut.
Investors also need to keep the overallotment figure in mind. The main offer covers up to 8.03 billion shares, while the additional option covers up to 1.2 billion shares.
The cornerstone commitments also stand at ₱36.5 billion. That is a substantial amount compared with the planned ₱53 billion base deal.
Mynt’s own comments are another point to watch. The company has not confirmed the reported ₱6.60 price and has asked stakeholders to refer to official announcements. That means investors should check the final IPO documents as the offer moves ahead.
October 20 will be the key date
The Mynt IPO has now entered its final stage before the planned stock market debut. The reported price is ₱6.60 per share, the main deal could raise about ₱53 billion, and the full overallotment could take the total to about ₱60.9 billion.
The company plans to offer as many as 8.03 billion shares, with up to 1.2 billion more shares under the overallotment option. Cornerstone investors have already committed ₱36.5 billion.
The public offer is scheduled for October 6 to October 12, while the shares are due to start trading on October 20, 2026.
For Mynt, the IPO marks a major step from private ownership to the public market. For the Philippine exchange, the deal brings one of the country’s biggest expected share sales and fresh attention to its equity market. The next major test will come when investors can finally trade GCash parent Mynt shares on the Philippine Stock Exchange.
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