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GCash Operator Mynt Approved for Stock Split Ahead of IPO

10/29/2025

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Summary

Story summary

Globe Fintech Innovations Inc. (Mynt), operator of GCash, has received approval from the Securities and Exchange Commission (SEC) for a stock split, increasing its common shares to 71.66 billion.
This stock split is a preparatory step for a potential initial public offering (IPO) aimed at making shares more affordable for retail investors.
Mynt plans for a valuation of at least $8 billion, but the IPO timeline has been delayed due to challenging market conditions, with the Philippine Stock Exchange index down over 9% this year.
GCash currently has 94 million registered users across 16 markets.

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Story summary

Globe Fintech Innovations Inc. (Mynt), operator of GCash, has received approval from the Securities and Exchange Commission (SEC) for a stock split, increasing its common shares to 71.66 billion.
This stock split is a preparatory step for a potential initial public offering (IPO) aimed at making shares more affordable for retail investors.
Mynt plans for a valuation of at least $8 billion, but the IPO timeline has been delayed due to challenging market conditions, with the Philippine Stock Exchange index down over 9% this year.
GCash currently has 94 million registered users across 16 markets.