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- The proposed Mynt IPO draws commitments from cornerstone investors led by several domestic and international funds.
- Proposed IPO marks the next phase of Mynt's growth, broadening its shareholder base while raising primary capital to support the continued expansion of digital financial services and product innovation
MANILA, Philippines, 24 September 2026 – Mynt, Inc. ("Mynt"), the parent company of the group behind GCash, the Philippines’ number one finance super app, filed its Red Herring Prospectus in connection with its proposed initial public offering ("IPO") and listing on the Main Board of the Philippine Stock Exchange ("PSE"), supported by commitments from leading global and domestic cornerstone investors.
The filing follows Mynt’s receipt of a pre-effective approval letter from the Philippine Securities and Exchange Commission ("SEC") and a Notice of Approval from the PSE, as investor roadshows commence ahead of the expected pricing of the Offer.
The aggregate commitments from over 20 cornerstone investors would cover approximately the entire Institutional Offer tranche of the IPO, subject to any reallocation between tranches of the Offer.
Mynt has secured commitments from what it believes to be the largest number of cornerstone investors in a Philippine IPO to date, subject to final pricing and completion of the Offer, as well as customary closing conditions. This set of cornerstone investors brings together leading institutions across the global asset management industry, which, upon closing, will broaden Mynt’s institutional shareholder base. The cornerstone investors that have confirmed their commitments are as follows:
Global cornerstone investors
- Albizia Capital Pte. Ltd.
- Amundsen Investment Management
- Certain funds and other separately managed accounts managed by relevant investment management subsidiaries of BlackRock, Inc.
- Capital Research and Management Company
- FIL Investment Management (Hong Kong) Limited
- HSBC Global Asset Management (UK) Limited (“HSBC GAM”)
- International Finance Corporation
- Lazard Asset Management LLC
- Ninety One North America, Inc.
- Ninety One UK Limited
- NS Partners Ltd.
- RWC Asset (US) LLC
- RWC Asset Management LLP
- Schroder Investment Management Limited (“SIML”), Schroder Investment Management (Singapore) Ltd (“SIMSL”), and Schroder Investment Management (Hong Kong) Limited (“SIMHK”)
- Surveyor Capital (a Citadel company)
- T Rowe Price International Ltd. and T Rowe Price Associates, Inc.
Domestic cornerstone investors
- ATRAM Trust Corporation
- BPI Asset Management and Trust Corporation
- China Bank Capital Corporation
- Metrobank Bank & Trust Company - Trust Banking Group
- Philequity Management, Inc.
- RCBC Capital Corporation
The group also marks notable new and returning institutional participation in the Philippine capital markets, including Albizia Capital Pte. Ltd., Amundsen Investment Management, and HSBC GAM making their first cornerstone investment commitment in the Philippines, and Ninety One North America, Inc. and Ninety One UK Limited participating as cornerstone investors in Southeast Asia for the first time.
“The cornerstone investor group comprises leading institutions who have indicated interest to participate in Mynt’s proposed IPO. We believe this reflects confidence in our position as the nation’s number one finance super app, our track record of profitable growth, and the significant market opportunity that lies ahead of us. As Mynt enters the next chapter, we remain focused on our mission of Finance for All and on executing our strategy to sustainably deliver long-term shareholder value,”
said Martha Sazon, President and CEO of Mynt.
“Building a high-quality, diversified and long-term shareholder base is important to us, not just for the IPO, but for Mynt’s next chapter as a public company. The breadth and quality of cornerstone investor participation from both global and domestic institutions speaks to the strength of Mynt today and the opportunity ahead,”
said Evelyn Ng, Chief Finance Officer of Mynt.
The final Offer Price is expected to be determined on 1 October, 2026 following the bookbuilding process.
Morgan Stanley & Co. International PLC, J.P. Morgan Securities plc, and UBS AG Singapore Branch are acting as Joint Global Coordinators and Joint Bookrunners for the transaction. Jefferies Singapore Limited, CLSA Limited, and The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch serve as International Joint Bookrunners, with BPI Capital Corporation and BDO Capital & Investment Corporation acting as Domestic Lead Underwriters and Joint Bookrunners. AB Capital & Investment Corporation and First Metro Investment Corporation serve as the Domestic Lead Underwriters while Maybank Securities Pte. Ltd. will act as the International Co-Manager. China Bank Capital Corporation, RCBC Capital Corporation, and East West Banking Corporation will participate as Domestic Participating Underwriters.
Further disclosures will be made at the appropriate time and in accordance with applicable requirements. Any potential offering remains subject to the registration requirements of the SEC, listing requirements of the PSE, prevailing market conditions, final offer terms, and internal approvals and consents.
About Mynt
Mynt is the first and only $5 billion unicorn in the Philippines. It's a leader in mobile financial services focused on accelerating financial inclusion through mobile money, financial services, and technology. Mynt operates two fintech companies: GXI, the mobile wallet operator of GCash — the #1 Finance App in the Philippines, and Fuse Lending, a tech-based lending company that gives Filipinos access to microloans and business loans.
About GCash
GCash is the Philippines’ #1 Finance App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. GCash’s mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only duacorn in the Philippines.
Mynt and GCash are staunch supporters of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.
For more information, please contact:
Bruce Rodriguez, Head of Business Communications
Corporate Communications
Legal Disclaimer & Safe Harbor Statement
This press release is for informational purposes only and does not constitute, or form part of, any offer, solicitation, or invitation to sell, issue, purchase, or subscribe for any securities in the Philippines, the United States, or any other jurisdiction. No securities of Mynt, Inc. have been or will be registered under the U.S. Securities Act of 1933, as amended, and such securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. There will be no public offering of the securities of the Company in the United States. No money, securities or other consideration is being solicited by this document or the information contained herein and, if sent in response to this document or the information contained herein, will not be accepted. Any potential initial public offering and listing in the Philippines, if pursued, remain fully subject to prevailing market conditions and regulatory approvals, including the registration requirements of the Philippine Securities and Exchange Commission and the listing rules of the Philippine Stock Exchange, Inc., and there can be no assurance that any such filings will be made or that any offering or listing will be consummated. This document contains forward-looking statements that involve inherent risks and uncertainties; actual results, timelines, and outcomes may differ materially from those projected due to shifting market dynamics, economic environments, and regulatory updates.
