Mynt Inc., the parent of mobile wallet operator GCash, prices its initial public offering (IPO) at P6.60 per share. The company’s announcement confirms prior reporting that the IPO would be priced at that level. At the stated price, the listing involves about 53 billion pesos in proceeds, positioning the deal as one of the largest stock market offerings in the Philippines.
Inquirer.net reports that Mynt sets the final offer price after previously indicating a P10 ceiling, bringing the final price 34% lower than that cap. Both outlets frame the pricing as a key step ahead of the sale, with the company communicating the final terms to regulators. The different coverage centers mainly on the implications of the discount from the ceiling versus the overall size and placement among the country’s biggest listings.
