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Mynt launches $844 million IPO in the Philippines

Original: Mynt opens $844 million Philippine IPO, offers GCash users real-time share allocation

Mynt, the Philippine fintech company behind the mobile wallet GCash, has opened its initial public offering in Manila, aiming to raise $844 million. In a first for the country's market, GCash users can receive share allocations in real time directly through the app, broadening retail access to the listing.

Why now: The IPO is one of the largest Philippine listings recently and its in-app retail allocation model is novel, drawing wide attention.

MyntGCashPhilippine Stock Exchange

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Evidence

• Mynt opens $844 million Philippine IPO, offers GCash users real-time share allocation · Reuters

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