Mynt, the company behind GCash, is moving to file for an initial public offering (IPO) at the Philippine Stock Exchange (PSE). The listing is expected to be one of the most-watched in the local market.
Its board has approved the plan to sell shares equivalent to 12% of Mynt’s outstanding stock, through a mix of primary and secondary shares with a par value of 3 centavos. Major shareholder Globe Telecom confirmed the same details in its disclosure.
ICT Secretary Henry Aguda said GCash is “ripe for an IPO,” pointing to its strong position as the country’s leading finance app. He also urged more firms to consider listing to boost investor confidence and market activity.
GCash has become a staple in digital finance, offering payments, transfers, savings, credit, insurance, and investments. Founded in 2015, Mynt has built GCash into a platform with tens of millions of users, now preparing for its next growth stage.
Also Read: GCash adds new security feature, replacing SMS with in-app OTPs
Mynt’s IPO filing signals renewed momentum for the PSE after a slow 2024–2025 period. Its entry into the stock market is expected to draw strong interest from both retail and institutional investors.
