Mynt

Published on 23/09/2026 at 17:46 - Modified on 23/09/2026 at 17:52 Contact us for any correction requests Mynt, the parent company of Philippine mobile wallet GCash, has succeeded in attracting more than 20 cornerstone investors, including BlackRock and T. Rowe Price, for its upcoming initial public offering (IPO), according to a preliminary prospectus seen by Reuters. 3 billion US dollars), making it the largest share sale in Philippine history if priced at the top end of the range. 89 billion Philippine pesos raised by Monde Nissin's IPO in 2021.

1 million US dollars through capital market operations so far this year, according to LSEG data. 5 billion Philippine pesos in the offering, as shown in the preliminary prospectus dated September 22. These investors include Capital Research and Management Company, Citadel Multi-Strategy Equities Master Fund Ltd, FIL Investment Management (Hong Kong), HSBC Global Asset Management, International Finance Corporation, and Lazard Asset Management, among others. On the domestic side, the preliminary prospectus details the participation of entities such as ATRAM Trust Corporation, BPI Asset Management and Trust Corporation, and China Bank Capital Corporation.

Cornerstone investors are large institutions that commit to buying shares before the IPO opens to the general public. 8% of the shares offered, not including shares that could be sold under a greenshoe option. 03 billion shares at a maximum price of 10 Philippine pesos each. 3 billion Philippine pesos, according to the preliminary prospectus. At the upper end of the price range, Mynt's valuation would reach 669 billion Philippine pesos.