Mynt, Inc., the parent company of GCash, filed a draft preliminary prospectus with the Philippine Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) on June 27, 2026.
The indicative price is up to ₱10.00 per share on up to 8,027,409,600 common shares, putting the base offer at up to ₱80.3 billion. Total proceeds could reach ₱92.3 billion if the overallotment option of up to 1,204,111,400 additional shares is fully exercised. Of the base offer, 1,605,481,900 are newly issued primary shares; the remaining 6,421,927,700 are secondary shares sold by existing shareholders, among them Ant International and ASP Philippines LP.
Retail investors now have actual dates to work with. The offer period runs October 5 to October 9, 2026, with settlement and listing targeted for October 19. Shares are expected to trade on the PSE Main Board under the ticker “GCASH” once approved. The prospectus is explicit that these dates can still move, pending SEC and PSE sign-off.
The filing puts numbers to growth that had previously only been described in general terms. Mynt’s adjusted revenues went from ₱33.6 billion in 2023 to ₱54.1 billion in 2024 to ₱79.7 billion in 2025. Net income followed a similar climb: ₱6.4 billion, ₱11.1 billion, then ₱17.2 billion across the same years. The first quarter of 2026 brought in ₱20.7 billion in revenue and ₱5.6 billion in net income, up from ₱18.1 billion and ₱4.5 billion a year earlier.
On usage, the prospectus puts GCash at 40.4 million monthly active users as of March 31, 2026 – citing Frost & Sullivan figures that peg this at 55% of the Philippines’ adult population, four times the next-largest competitor. The same filing lists 1.3 million cash-in, cash-out touchpoints, 2.1 million QR Ph merchants, and more than 3,000 biller and government partners in the ecosystem.
Morgan Stanley & Co. International, J.P. Morgan Securities, and UBS AG Singapore Branch are the joint global coordinators and bookrunners. Jefferies Singapore Limited is listed as international joint bookrunner; BPI Capital Corporation and BDO Capital & Investment Corporation are the domestic lead underwriters.
One thing missing from this version of the prospectus: exact peso figures for where the IPO money goes. The draft names four categories – CreditTech growth, product development, strategic cash reserves, and general corporate purposes – but leaves the actual amounts as placeholders, to be filled in before the filing is finalized.
None of this is final. The SEC has not declared the registration statement effective, and the prospectus itself states it isn’t an offer to sell or a solicitation to buy. Both SEC and PSE approval, plus market conditions, still stand between this draft and an actual listing.
