Key facts
- Mynt, the parent of digital wallet giant GCash, has set its IPO price at 6.60 pesos per share.
- The offering is expected to be the Philippines' largest ever, valued at about 60.9 billion pesos ($3.3 billion).
- The funds raised will be used to boost Mynt's financial services.
Mynt, the parent company of the digital wallet giant GCash, has finalized its initial public offering price at 6.60 pesos per share. This pricing positions the offering to become the largest ever in the Philippines, with an expected valuation of approximately 60.9 billion pesos, equivalent to $3.3 billion. The company intends to utilize the proceeds from the IPO to enhance its financial services offerings. Market observers have anticipated Mynt's public debut since GCash experienced a surge in popularity during the COVID-19 pandemic.