As the company looks to continue innovating amid the growing use digital financial platforms.
In a disclosure, Mynt, Inc., the parent company of fintech app GCash, announced today that it has submitted the necessary documents before the Security and Exchanges Commission (SEC) and the Philippine Stock Exchange (PSE).
These are in line with its planned initial public offering (IPO), which is expected to happen in the fourth quarter of 2026.
For them, the submission marks a significant step for Mynt, noting the growth of GCash over the past two decades from an SMS-based service to an application, which it told has broadened financial access, that in turn also creates a “highly scalable and sustainable technology business.”
Martha Sazon, President and CEO of Mynt, noted: “GCash has become an indispensable part of everyday life for millions of Filipinos. From 90 million registered users, today about 40 million now actively use the platform every month, representing nearly half of the country’s adult population.”
She cited that about 78% of GCash users reside outside Metro Manila, with 92% belonging to lower-income groups.
“This reflects our belief that there is good business in doing good, and that our growth is most meaningful when it creates lasting impact for more people,” she added.
Mynt noted that its proposed offering is expected to consist of up to 8,027,409,600 common shares (Firm Shares) with an overallotment option of up to 1,204,111,400 secondary common shares (Option Shares), which are subject to receipt of regulatory and other applicable approvals and market conditions.
Collectively, the Firm Shares and the Option Shares are referred alao known as the Offer Shares, which will then be Offer.
Mynt said that Firm Shares are expected to comprise of up to 1,605,481,900 unissued Common Shares to be offered and issued by Mynt by way of primary offer and up to 6,421,927,700 issued Common Shares owned by existing shareholders to be offered by way of a secondary offer.
“Upon completion of the Offer, a total of 66,895,913,057 Common Shares is expected to be issued and outstanding. The Firm Shares will represent approximately 12.0% of Mynt’s issued and outstanding capital stock, and, assuming full exercise of the over-allotment option, the Offer Shares will represent approximately 13.8% of Mynt’s issued and outstanding capital stock,” it continued.
The company also said that thr final offer price will be determined through a book-building process at the appropriate stage of the Offer.
“For the purposes of the submission of the Registration Statement to the SEC, at an offer price of up to ₱10.00 per Offer Share, the proposed offering is expected to raise gross proceeds of up to ₱92.3 billion assuming full exercise of the overallotment option,” it stated.
Sazon furthered, “As we embark on the next chapter of Mynt, our mission remains steadfast: to reach and serve millions more Filipinos, drive continuous innovation, and ensure that everyone is safely, securely, and meaningfully included in the digital economy.”
The company said that further disclosures will be made at the appropriate time and in accordance with applicable requirements.
“Any potential offering remains strictly subject to the registration requirements of the SEC, listing requirements of the PSE, prevailing market conditions, final offer terms, and internal approvals and consents,” it stressed.
Meanwhile, for the entire year of 2025, GCash said it has served 39.1 million monthly active users and has processed PHP17.0 trillion in payment solutions gross transaction value with 56.7 million daily average transactions.
That same year, Mynt reported revenues reached PHP79.8 billion, while its net income went to PHP17.2 billion.
Apart from GCash, Mynt also operates G-Xchange, Inc., the payments company for GCash responsible for the digital payments and electronic money activities in the GCash app, and Fuse Financing, Inc., the financing company for GCash that provides a range of fair and digitally-enabled credit products and solutions.