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Mynt prices record Philippine IPO

NEWS

October 20, 2026 at 02:20 UTC

2 min read
Digital payment terminal on trading desk symbolizes record fintech IPO in Philippines market debut

Key Points

  • 01Mynt raised about ₱53 billion by selling 8.03 billion shares at ₱6.60 each
  • 02The deal is described as the largest initial public offering in Philippine history
  • 03Proceeds could surpass ₱60 billion if the overallotment option is fully used
  • 04Mynt lists after reporting strong H1 2026 users, volumes and profitability

Record-sized listing on the Philippine market

Mynt Inc., the operator of the GCash mobile-payments app, has completed a landmark initial public offering that is described as the largest in Philippine history. The company sold 8.03 billion shares at an offer price of 6.60 pesos per share, generating proceeds of about 53 billion pesos from the base deal. This offering size surpasses previous large floats in the country and brings a new heavyweight to the Philippine equity market.

The IPO includes an overallotment option that, if exercised in full, would lift total proceeds to more than 60 billion pesos. The stock is scheduled to begin trading on the Philippine Stock Exchange at 9:30 a.m. local time on a Tuesday in October 2026, giving both domestic and international investors access to one of the country’s most prominent fintech platforms.

Scale of GCash and Mynt’s operating metrics

Mynt comes to market with a sizeable existing user base and transaction footprint through its GCash business. The company reported 41.5 million monthly active users in the three months ended June 30, 2026, underscoring the reach of its mobile-payments app in the Philippines. These users helped drive substantial payment activity, with GCash handling payment transactions worth 9.84 trillion pesos in the first half of 2026.

The scale in users and transaction volumes is reflected in Mynt’s financial performance. For the six months ended June 30, 2026, the company reported revenue of 43.27 billion pesos and net income of 10.82 billion pesos. These figures show that Mynt is entering the public markets with both high growth indicators and profitability already established in its latest reporting period.

Implications for investors and the local market

The size of Mynt’s IPO and the company’s operating profile position the listing as a significant event for Philippine equities. The flotation offers global investors a new large-cap exposure to the Philippines that is closely tied to digital payments and financial technology trends. With tens of millions of users and multi-trillion-peso transaction flows in the latest half-year, Mynt’s public debut broadens the sector mix on the local exchange.

The record-breaking deal may also serve as a reference point for future large listings in the country. By combining a substantial free float with established revenue and earnings, Mynt’s entry to the market highlights the growing presence of technology-driven financial services within the Philippine corporate landscape.

Key Takeaways

  • 01Mynt’s IPO sets a new size benchmark for Philippine equity offerings while introducing a major fintech issuer to the exchange.
  • 02The company is listing with both high user penetration and significant transaction volumes already in place through GCash.
  • 03Revenue and net income figures for H1 2026 indicate Mynt is going public as a profitable, scaled business rather than an early-stage growth story.

References

  1. https://www.bloomberg.com/news/articles/2026-10-19/mynt-s-record-ipo-brings-a-new-heavyweight-to-philippine-stocks
  2. https://finimize.com/content/gcash-operator-mynt-edges-up-after-record-philippines-ipo
  3. https://mb.com.ph/2026/10/19/investment-bankers-tip-dependable-returns-for-gcash-parent-after-listing
  4. https://www.rappler.com/business/gcash-informal-lending-growth/
Mynt prices record Philippine IPO | Trading Dashboard