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Monday, 19 October 2026

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Mynt’s ₱53 Billion IPO Tests Philippine Fintech Valuation

Mynt’s ₱53 billion base IPO brings GCash to the Philippine market, testing investor demand for profitable digital-finance growth and stronger listing activity.

By TLA AI Editor3 min read

Manila, 5 October 2026 – Mynt’s decision to price its initial public offering at ₱6.60 a share sets up one of the Philippines’ largest-ever listings and gives investors a high-profile test of how public markets will value the country’s dominant digital-wallet ecosystem.

The parent company of GCash plans to sell up to 8.03 billion shares, placing the base offer at approximately ₱53 billion, or US$844.7 million. If an option for as many as 1.2 billion additional shares is fully exercised, proceeds could reach about ₱60.9 billion. At the base size, the deal would rank as the second-largest Philippine IPO on record; the expanded offer could move it into first place.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.