Capital markets·October 19, 2026 at 7:00 PM EDT·3 sources
Mynt’s Record IPO Brings a New Heavyweight to Philippine Stocks
ipo, log scale$841M
$100M$1B$10B$100B
What happened
- Mynt shares rose as much as 2.4% in Manila after debuting following the Philippines’ largest-ever initial public offering.
- Mynt operates GCash, one of the Philippines’ largest digital cashless ecosystems.
- The IPO could give global investors new exposure to a Philippine market they have ignored for years.
IPO proceeds
$841 million
Valuation
~$7 billion
Maximum debut gain
2.4%
Why it matters
The listing gives ECM and markets professionals a major Philippine IPO to assess, while adding a sizable fintech and digital-payments company to the local equity market. Its Ant backing may also increase investor attention to regional fintech listings.
Deal terms
ipo
Mynt Inc.
Value
$841M
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Timeline
- First reported by BloombergOct 19Mynt’s Record IPO Brings a New Heavyweight to Philippine Stocks
- The Wall Street Journal reportsOct 20Ant-Backed Fintech Mynt Rises in Debut After Philippines’ Largest IPO
- Techmeme reportsOct 20Ant-backed Mynt, which runs mobile wallet app GCash, rose as much as 2.4% in Manila after raising $841M in the Philippines' largest-ever IPO, valuing it at ~$7B (Kimberley Kao/Wall Street Journal)
Who is involved
Mynt’s Record IPO Brings a New Heavyweight to Philippine StocksMynt Inc.targetGCashAnt International
Company
Sources (3)
- BloombergOct 19Mynt’s Record IPO Brings a New Heavyweight to Philippine Stocks
- The Wall Street JournalOct 20Ant-Backed Fintech Mynt Rises in Debut After Philippines’ Largest IPO
- TechmemeOct 20Ant-backed Mynt, which runs mobile wallet app GCash, rose as much as 2.4% in Manila after raising $841M in the Philippines' largest-ever IPO, valuing it at ~$7B (Kimberley Kao/Wall Street Journal)
Read more on YouBank
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