Report
GCash operator Mynt rises in early trading after record Philippine IPO
CNA, carrying Reuters reporting, puts the intraday gain at 1.7% after an over-allotment lifted the deal to 60.9 billion pesos.
TLDR
Mynt, operator of GCash, gained 1.7% during its Oct. 20, 2026, debut, Reuters reported in a story carried by CNA. An over-allotment lifted the IPO to 60.9 billion pesos, surpassing the previous Philippine record in LSEG data cited by Reuters. The gain was an intraday reading, not a closing result. Mynt plans to use proceeds from newly issued shares for digital financial-services growth and product development.
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