GCash completes Philippines' largest-ever IPO, raising nearly $1 billion

Mynt, operator of the GCash digital wallet, raised ₱60.9 billion (~$965 million) in the largest IPO in Philippine history, beating Monde Nissin's 2021 record. Shares closed their first session up 2.1% from the ₱6.60 offer price, giving the company a market cap of ₱441.5 billion (~$7 billion).

• The offering raised ₱60.9 billion (~$965 million), with the base deal at ₱53 billion
• Shares priced at ₱6.60 and rose 2.1% on the first trading day
• Mynt debuted with a market capitalization of ₱441.5 billion (~$7 billion)
• GCash has 94 million registered users and 41.5 million MAU in Q2 2026