GCash operator Mynt gets approval to file for IPO

It will be equivalent to 12% of Mynt’s outstanding common shares post-IPO.

Mynt Inc., the operator of Philippine e-wallet giant GCash, has gotten approval from its parent company Globe Telecom, Inc. to proceed with an initial public offering (IPO).

In a bourse filing, Globe said that its board approved Mynt’s filing of the registration statement with the Philippine Securities and Exchange Commission, and the listing application with the Philippine Stock Exchange (PSE).

The offer will be equivalent to 12% of the outstanding common shares of Mynt post-IPO.

The shares will consist of both primary and secondary offers.

Mynt is expected to engage underwriters, advisors, legal counsels, stock and transfer agents, receiving agents/banks, and other agents as necessary, according to Globe.

GCash has set sights on an IPO in as early as 2023. CEO and President Ren-Ren Reyes told Asian Banking & Finance at the time that they seek to have the “biggest IPO” in the Philippines.

“The marching orders, the push button: we are ready for an IPO,” Reyes had told ABF during the Singapore Fintech Festival 2023.

Globe CEO Carl Raymond Cruz told ABF in April 2025 that they are “preparing all of the requirements” but noted geopolitical uncertainties at the time.