[SINGAPORE] Mynt, the parent company of GCash, has made official its plans to file a hotly anticipated initial public offering.

On Wednesday (Jun 17), the company said that the board of directors and shareholders have authorised the filing of a registration statement with the Philippines’ Securities and Exchange Commission (SEC) and a listing application with the Philippine Stock Exchange (PSE) in connection with a potential IPO. 

The terms of the offer will be equivalent to 12 per cent of Mynt’s total outstanding capital stock post-IPO, with each common share having a par value of 0.03 Philippine peso per common share. 

Wednesday’s announcement paves the way for Mynt to file an IPO prospectus, which reportedly could happen as early as this month.

Mynt had said earlier this year that it would seek to list on the PSE in the second half of 2026. The Wall Street Journal reported on Tuesday, citing unnamed sources, that the listing would happen by the fourth quarter. 

Martha Sazon, president and CEO of Mynt, said in the announcement: “The authorisation of our board and shareholders allows us to work towards a potential public listing as the next step in Mynt’s growth journey.” 

The company is targeting to raise US$1 billion to US$1.5 billion with its IPO, benchmarking its valuation at up to US$9 billion.

The IPO has been mooted since late-2023, and