The company intends to offer 8.03 billion shares priced at 10 pesos each. Should an overallotment option be fully exercised, the total capital raised could climb to $1.48 billion, pinning the firm’s valuation at approximately $10.7 billion. Investors can begin placing orders on October 6, with the offer period spanning one week ahead of the proposed listing.
In section Market Quotes
Mynt Eyes Record $1.3 Billion IPO on Philippine Stock Exchange
With plans to raise nearly $1.3 billion, Philippine fintech unicorn Mynt has secured regulatory approval for what is set to become the nation’s largest initial public offering. The firm, which powers the ubiquitous GCash platform, aims to finalize its market debut by October 20 despite lingering volatility in global financial markets.
Mynt’s platform, GCash, serves a massive user base of 94 million, facilitating payments, credit, and insurance. The scale of its operations is significant: in 2025, the platform processed 17 trillion pesos in gross transaction value, averaging 56.7 million daily transactions. Backed by Globe Telecom, Mitsubishi UFJ Financial Group, and Warburg Pincus, Mynt is working with advisors including Morgan Stanley, JPMorgan, and BPI Capital to steer the offering past the 2021 record set by Monde Nissin.
Comments (0)
No comments yet. Be the first!