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Mynt’s record IPO raises 60.9 billion pesos

By Drooid · Oct 20, 2026, 2:54 PM UTC · How we work

Summary

Mynt Completes IPO

Mynt Inc., parent of GCash, completed a record IPO raising 60.9 billion pesos.
The offering sold 9.23 billion shares at 6.60 pesos, creating a P441.5 billion market cap.
Retail investors via the GCash app contributed about P1.1 billion, representing 140,725 participants.
The IPO was 165.5 percent oversubscribed, with cornerstone investors taking 59.8 percent of shares.
Mynt will allocate a substantial portion of primary proceeds to expand its CreditTech business.

Summary

Mynt Expands Loans

Mynt will allocate a substantial portion of primary IPO proceeds to expand its loan portfolio over the next one-to-three years.
Lending accounted for 41.8% of Mynt’s adjusted revenue in H1 2026, up from 8% previously.
The non-performing loan ratio fell to 4.9% in June 2026 after peaking at 9.2% in 2023.
AI tools GScore and the voicebot GINA assess creditworthiness and send payment reminders to borrowers.

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Mynt Completes IPO

Mynt Inc., parent of GCash, completed a record IPO raising 60.9 billion pesos.
The offering sold 9.23 billion shares at 6.60 pesos, creating a P441.5 billion market cap.
Retail investors via the GCash app contributed about P1.1 billion, representing 140,725 participants.
The IPO was 165.5 percent oversubscribed, with cornerstone investors taking 59.8 percent of shares.
Mynt will allocate a substantial portion of primary proceeds to expand its CreditTech business.

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