Mynt gets greenlight for up to $1.5B offering, shares to trade as ‘GCASH’ from Oct. 20Last updated: September 07, 2026 | 11:386 MIN READMynt, the parent firm behind GCash, was given a regulatory greenlight for an initial public offering (IPO) that could be worth as much as ₱92.32 billion ($1.5 billion) in October. Photo shows people using a GCash kiosk in the Philippines. Jay Hilotin | Gulf NewsMANILA: The Philippines’ most anticipated stock-market debut has cleared a major regulatory hurdle, opening the door for ordinary Filipinos to become shareholders of the company behind GCash.The Securities and Exchange Commission (SEC) has approved on September 3 the registration statement of Mynt, the parent firm behind GCash, for an initial public offering (IPO) that could be worth as much as ₱92.32 billion ($1.5 billion), equivalent . The deal is set to become the largest IPO in Philippine history, surpassing the ₱55.89-billion offering of Monde Nissin in 2021. Mynt could be valued at ₱669 billion ($10.9 billion), exceeding BDO Unibank’s ₱645.6 billion ($10.24 billio ) market capitalisation as of Sept. 7, 2026, the largest Philippine lender and main banking arm of the Sy family, according to Forbes, citing the maximum GCash IPO price.While Mynt has a total of 2,579 headcount worldwide as of March 2026, 44.2% (from 1,789 employees in 2023), BDO has more than 47,000 employees.Get it: Fast, verified news for FREE ... download the Gulf News app — simply click here Breaking new ground