Mynt, the parent company of the digital wallet GCash, debuted on the Philippine Stock Exchange (PSE) on October 20, 2026, with an Initial Public Offering (IPO) that raised PHP 60.9 billion, equivalent to approximately $960 million to $971 million. This offering became the largest IPO in Philippine history, surpassing Monde Nissin's 2021 IPO, and was Southeast Asia's biggest for the technology, media, and telecommunications (TMT) sector since 2021.

The successful IPO shows investor confidence in the Philippine economy and its growing digital finance sector. It also broadened investment access for many Filipinos, including more than 140,000 GCash subscribers who invested directly through the app.

What the records show

Mynt, officially named Globe Fintech Innovations, Inc., operates GCash, which is recognized as the Philippines' largest finance app. As of June 2026, the company served 41.5 million monthly active users, representing approximately 56% of the Philippine adult population. Mynt reported a net income of PHP 17.25 billion in 2025 and PHP 10.82 billion for the first half of 2026, indicating profitability. The IPO was priced at PHP 6.60 per share, valuing Mynt at approximately $7 billion. Earlier estimates in September 2026 had suggested a potential valuation of up to $10.9 billion. On its first trading day, Mynt's shares closed flat at the IPO price, influenced by weak market sentiment.

The timeline

The offer period for Mynt's IPO ran from October 6 to October 12, 2026. The shares were officially listed and began trading on the Philippine Stock Exchange on October 20, 2026.

What changed and for whom

The IPO attracted significant global interest, with nearly 200 institutional investors participating, including major firms such as BlackRock and Fidelity. Approximately 140,725 GCash subscribers also invested about PHP 1.1 billion through the GCash app; many of these were first-time investors. Mynt plans to use the capital raised to fund growth in its digital financial services business, for product development, and for general corporate purposes. The company's Head of Capital Markets and Investor Relations, Joseph Samuel Tang, stated Mynt's goal is to have digital financial services contribute equally to revenue alongside payment solutions in the medium term.

What the subject has said publicly

Philippine President Ferdinand Marcos Jr., who attended the bell-ringing ceremony, highlighted the IPO's role in making investment opportunities more accessible to Filipinos. He noted its timing was important for renewing investor interest and broadening participation in the stock market. PSE President Ramon Monzon lauded the IPO as a record-breaking event, showing confidence in Mynt, the Philippine economy, and its capital markets. Mynt President and CEO Martha Sazon stated the listing marked a new phase in expanding access to financial services.

What we could not confirm

We could not confirm the long-term stock performance of Mynt beyond its initial trading day. We also could not confirm the specific metrics or timelines for Mynt's planned growth in digital financial services and product development using the IPO proceeds.