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GCash Parent Mynt Prepares for Potential IPO

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Mynt, the fintech company behind GCash, said its board and shareholders have authorized the filing of a registration statement with the Securities and Exchange Commission and a listing application with the Philippine Stock Exchange for a potential initial public offering.

The proposed IPO will cover up to 12% of Mynt's total outstanding capital stock post-listing, comprising both primary and secondary shares, with each common share carrying a par value of 0.03 Philippine pesos, according to a Wednesday press release.

Backed by shareholders including Globe Telecom (PSE:GLO), Ayala Corporation (PSE:AC) and Ant Group, Mynt said the planned listing remains subject to regulatory approvals, market conditions, and other customary requirements.

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