GCash-Mynt's P6.60 IPO price brings investment closer to more Filipinos —solon

A member of the House panel on banks and financial intermediaries said Friday that the P6.60 final pricing of the initial public offering of Mynt Inc., the parent company of mobile wallet GCash, could bring ownership of the digital platforms within reach of a broader base of Filipino investors.

GP Party-list Rep. Jan Padiernos said the GCash IPO presents an opportunity to discuss how more Filipinos can participate in retail capital markets.

However, he added, expanding access must go hand in hand with financial literacy, transparent disclosures, and adequate investor protection.

"Filipinos should be equipped to understand both the opportunities and the risks before investing,” he said.

This development was disclosed by Globe Telecom, an affiliate of Mynt, in a regulatory filing to the Philippine Stock Exchange (PSE).

“We disclose that Mynt has determined and set the final offer price for its IPO at P6.60 per share in connection with its offer and sale to the public of 8,027,409,600 common shares with an overallotment option of up to 1,204,111,400 secondary common shares,” Globe said.

Mynt has set the official listing of its shares on the PSE on October 20, 2026.

At P6.60 per share, an investor buying 100 shares would just need P660 before applicable fees and charges, providing a lower entry point than the P10 maximum offer price previously set for the offering.

The offering could also make stock-market participation more accessible to first-time investors, particularly as GCash shares are expected to be made available through GStocks in the GCash app, while qualified Local Small Investors can subscribe through the Philippine Stock Exchange’s PSE EASy platform.

“The significance of this IPO goes beyond the amount of capital being raised. If more Filipinos who are already part of the digital economy can also become investors in it, we are widening participation in our capital market and strengthening the culture of investment among our people,” Padiernos said.

He added efforts that bring legitimate investment opportunities closer to ordinary Filipinos should be welcomed as he reminded the public that investing requires informed decisions.

"Accessibility must go hand in hand with investor education and protection,” he said.

Padiernos said the real measure of financial inclusion is not only whether Filipinos can use digital financial services, but whether they can also participate meaningfully in the opportunities created by the digital economy. —AOL, GMA News