Globe Fintech Innovations Inc. (Mynt), the parent company of mobile wallet platform GCash, announced on June 17, 2026, that its board of directors and shareholders have approved the filing of a registration statement and listing application for a potential initial public offering (IPO).
The company submitted the disclosure to the Philippine Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE). According to the official document, the proposed offering will be equivalent to 12.0% of Mynt’s total outstanding common shares post-IPO, with each common share holding a par value of 0.03 pesos.
Proposed Offering Structure and Timeline
The firm’s shares will consist of both primary and secondary offers, and Mynt stated it will engage underwriters, advisors, legal counsels, stock and transfer agents, and receiving banks for the transaction. Reports indicate that the firm is targeting to raise between $1 billion and $1.5 billion from the listing, aiming for a valuation of up to $9 billion.
The board authorization allows Mynt to proceed with filing its official IPO prospectus. The company previously stated it intends to list on the PSE in the second half of 2026, with reports indicating the listing could occur by the fourth quarter of the year.
Regulatory Context and Market Framework
The 12.0% public float size utilizes recent regulatory changes introduced by the Philippine SEC and the PSE. Earlier this year, the regulators lowered the minimum free float requirement from 20% to 15%, while creating a provision that allows exceptionally large listings to drop to 12.0% with regulatory approval to stimulate capital market activity.
Mynt owns and operates GCash, which launched in 2004 as an SMS-based money remittance service before expanding into digital payments, lending, and broader financial services.
Corporate Ownership and Shareholder Structure
Mynt’s largest shareholder is telecommunications provider Globe Telecom Inc., which is backed by Philippine conglomerate Ayala Corp. Singapore Telecommunications Ltd. (Singtel) maintains a significant stake in Globe Telecom.
Additional major institutional shareholders in Mynt include China’s Ant Group and Japan’s Mitsubishi UFJ Financial Group (MUFG).
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This article is published on BitPinas: GCash Parent Mynt Approves SEC, PSE Filings for Potential IPO
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