MANILA, Philippines — Mynt, Inc. ("Mynt" or the "Company"), the fintech pioneer behind the Philippines' leading finance superapp GCash, has announced that its Board of Directors and shareholders have authorized the filing of a registration statement with the Securities and Exchange Commission (SEC) and a listing application with the Philippine Stock Exchange, Inc. (PSE) for a potential initial public offering (IPO).
IPO Terms and Structure
The offer will consist of shares equivalent to 12.0% of Mynt's total outstanding capital stock post-IPO, referred to as "Firm Shares." Each common share will have a par value of P0.03. The Firm Shares will include both primary and secondary offerings.
This information has also been disclosed by Globe Telecom, Inc., in compliance with corporate governance standards and relevant disclosure rules.
CEO Statement on Growth Journey
"Over the past decade, Mynt has evolved from an e-wallet operator into the Philippines' number one finance superapp and largest cashless ecosystem," said Martha Sazon, President and CEO of Mynt. "The authorization of our Board and shareholders allows us to work toward a potential public listing as the next step in Mynt's growth journey, while continuing to focus on the priorities that have brought us to this point: serving customers, supporting merchants, strengthening our platform offering, and building the business for the long term."
Company Background and Impact
Founded in 2015, Mynt has built a national-scale digital finance ecosystem through GCash, which originated as an SMS-based local money remittance service in 2004. GCash now serves consumers, merchants, and enterprise partners across payment solutions, lending, and other digital financial services. The company's growth reflects the increasing role of digital finance in the Philippine economy and the continued adoption of mobile-first financial services across the country.
"We hope Mynt's journey could also inspire Filipino companies and startups, fostering a spirit of innovation and entrepreneurship in the local tech community, all while promoting the Philippines as a vibrant hub for technology and fintech innovation in Southeast Asia," Sazon added.
Regulatory and Market Conditions
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, transaction structure, governance approvals and consents, and other customary closing conditions.
