Mynt Inc., the fintech company behind GCash, takes further steps toward a potential initial public offering (IPO). In separate reports, the company says its board of directors and shareholders authorize the filing of a registration statement with the Securities and Exchange Commission (SEC) and a listing application with the Philippine Stock Exchange (PSE). These approvals are presented as the clearest progression toward a stock market debut for the cashless fintech platform.
Under the proposed transaction described in the reports, Mynt plans to sell shares equivalent to about 12% of its outstanding stock. The share sale is expected to involve a mix of primary issuance and secondary shares, though additional details remain subject to regulatory review and further announcements.
The outlets characterize the move as bringing Mynt closer to a long-anticipated IPO and potentially among the larger offerings in the Philippine market. The timing, final offer size, and pricing are not specified in the shared excerpts and would depend on the outcome of SEC and PSE processes and subsequent disclosures by the company.
