MANILA, Philippines — Setting the stage for what could become the largest stock market debut in Philippine corporate history, the country’s leading financial technology giant has officially initiated its public listing. Mynt Inc.—the parent operator of GCash—has formally submitted its registration statement to the Securities and Exchange Commission (SEC) and filed for listing on the main board of the Philippine Stock Exchange (PSE).
The record-breaking offering is targeted to roll out during the fourth quarter of 2026.
The initial public offering (IPO) is structured to offer billions of common shares to the public, blending fresh corporate funding with a massive liquidity event for its foundational backers. Assuming the full exercise of its overallotment options and an indicative maximum offer price of up to ₱10 per share, the transaction will easily rewrite local market records:
[ MYNT IPO SHARE DISTRIBUTION MATRIX ]
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[ NEW CORPORATE CAPITAL SHARES ] [ SHAREHOLDER LIQUIDITY POOL ]
• **1.61 Billion Primary Shares:** The offering includes up to • **6.42 Billion Secondary Shares:** The largest segment consists
1.61 billion newly issued common shares, funneling fresh capital • of existing shares being sold off by Mynt’s current legacy
directly back into the company’s digital operational coffers. • shareholders.
• **₱16.1 Billion Fresh Injection:** At the maximum ₱10 price point, • **1.2 Billion Overallotment Option:** An additional secondary buffer
this primary slice represents roughly 17 percent of gross proceeds • is built in to handle institutional demand surges.
to fund expansion models. • **₱76.2 Billion Existing Outflow:** The secondary component makes
• up the remainder of the ₱92.3 billion gross ceiling.
The decision to list on the local bourse comes as Mynt captures an unprecedented share of the domestic financial infrastructure. Following a spectacular fiscal performance across the previous year, internal performance metrics highlight the sheer velocity of the mobile application’s daily ecosystem:
[ GCASH FINTECH UTILITY & AUDIT LEDGER ]
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[ Yearly Income ] ──► Mynt logged massive consolidated revenues of **₱79.8 billion** and a net income
of **₱17.2 billion** for the complete 2025 cycle.
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[ Transaction Value ]──► The platform processed an astounding **₱17 trillion** in gross transaction value (GTV),
handling a staggering average of **56.7 million transactions daily**.
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[ Core User Base ] ──► Out of 90 million total registered users, the app tracks **39.1 million monthly active users**,
effectively penetrating nearly half of the entire adult population of the Philippines.
Following the successful completion of the transaction, Mynt expects its total outstanding common shares to settle at nearly 66.9 billion, placing the company’s post-listing market capitalization at a historic ₱669 billion valuation—more than doubling its estimated valuation from late 2024.
Mynt President and CEO Martha Sazon emphasized that the blockbuster listing is deeply anchored in real-world utility rather than tech speculation. Company data reveals that the true engine behind GCash’s record-breaking numbers lies far outside premium urban circles: a striking 78 percent of its active user base is located in rural provinces outside Metro Manila, while 92 percent belongs to lower-income segments. By shifting the platform from an SMS-based mobile wallet into an indispensable, nationwide everyday finance platform, the company hopes its upcoming public debut will democratize wealth generation while providing the local stock exchange with the flagship digital asset listing it has long anticipated.
