GCASH PARENT MYNT RISES IN MARKET DEBUT AFTER S - E ASIA TOP 2026 IPO

What happened: Mynt, the parent of GCash, listed on the Philippine Stock Exchange on Oct 20 after a US$1 billion IPO, closing 1.67 percent above its offer price. Key numbers: Offer price 6.60 pesos, close 6.71 pesos, intraday high 6.76 pesos. Raised 60.9 billion pesos (US$965.9 million). Why it matters: The listing was the largest IPO in Philippine history and in South-east Asia for 2026. Analysts said it could revive investor interest and encourage other issuers, though the retreat from the intraday high showed investors would not chase the stock.

Mynt, the parent of GCash, listed on the Philippine Stock Exchange on Oct 20 after a US$1 billion IPO, closing 1.67 percent above its offer price.

The listing was the largest IPO in Philippine history and in South-east Asia for 2026. Analysts said it could revive investor interest and encourage other issuers, though the retreat from the intraday high showed investors would not chase the stock.