Story perspectives

Mynt Sets IPO Price at 6.60 Pesos

By Drooid · Oct 2, 2026, 10:19 PM UTC · How we work

Summary

Story summary

Mynt, the parent of GCash, set its IPO price at 6.60 pesos per share.
The offering targets up to 8.03 billion shares, potentially raising 53 billion pesos.
If the 1.2 billion-share overallotment is exercised, proceeds could reach 60.9 billion pesos.
Cornerstone investors have pledged to buy 36.5 billion pesos of shares before the public sale.
The retail IPO runs from October 6 to October 12, with trading beginning October 20.

History

Historical Context

Globe Telecom, which first went public in August 1975 as the Philippines’ inaugural telecom listing, raised PHP15 billion in a 2000 IPO with Ayala Corporation, BDO and the Government Service Insurance System buying a combined 20 percent of the float. That precedent underpins Mynt’s GCash IPO, now targeting up to 8.03 billion shares and PHP53 billion in proceeds.

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Story summary

Mynt, the parent of GCash, set its IPO price at 6.60 pesos per share.
The offering targets up to 8.03 billion shares, potentially raising 53 billion pesos.
If the 1.2 billion-share overallotment is exercised, proceeds could reach 60.9 billion pesos.
Cornerstone investors have pledged to buy 36.5 billion pesos of shares before the public sale.
The retail IPO runs from October 6 to October 12, with trading beginning October 20.

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