Makati City — Mynt, the parent company of Philippine mobile wallet operator GCash, has priced its initial public offering at 6.60 pesos ($0.1052) per share, putting the total value of the offering at about 53 billion pesos ($844.7 million).
The IPO is expected to become one of the largest stock-market listings in the Philippines, coming as companies in the country have raised considerably less through share sales than they did during the same period last year.
Mynt plans to offer up to 8.03 billion shares. If an option for the sale of up to 1.2 billion additional shares is fully exercised, the company could raise as much as 60.9 billion Philippine pesos ($970.6 million), according to Reuters calculations.
The pricing confirms an earlier Reuters report that Mynt was expected to set the IPO at 6.60 pesos per share.
The listing could provide a substantial lift to the Philippine stock market. Companies in the Philippines had raised only $227.1 million through share sales as of September 29, according to LSEG data, representing a 71% decline from the comparable period a year earlier.
During the first nine months of 2026, the Philippines accounted for 1.7% of the $13.06 billion raised through equity markets across Southeast Asia, according to LSEG.
Mynt has also secured commitments from major institutional investors ahead of the public offering. Investors have agreed to purchase 36.5 billion pesos worth of shares before the public sale begins.
The investors include Capital Research and Management Company, Citadel Multi-Strategy Equities Master Fund, HSBC Global Asset Management, the International Finance Corporation and Lazard Asset Management.
Philippine investors taking part in the offering include ATRAM Trust Corp, BPI Asset Management and Trust Corp and China Bank Capital Corp.
Mynt is scheduled to hold an investor briefing in Makati City on October 6 and is expected to begin trading on the Philippine Stock Exchange on October 20.
The IPO marks a major capital-markets event for the Philippines after a relatively weak year for domestic share offerings. The transaction’s size gives Mynt a significant position in the country’s equity market while allowing investors to buy shares in the company behind one of the Philippines’ largest mobile-wallet businesses.
The offering also underscores the expanding role of financial technology companies in Philippine capital markets as GCash’s parent moves from private-market ownership to a public listing.
The exchange rate used in the calculations was $1 equal to 62.7430 Philippine pesos.
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