Mynt targets 8 billion dollar valuation in Philippine IPO
Mynt plans to file for a domestic listing as early as July to raise around 1 billion dollars. The GCash operator seeks a valuation of at least 8 billion dollars.
Globe Fintech Innovations Inc. (Mynt) plans to file for a domestic IPO as early as July, seeking a valuation of at least $8 billion. The firm aims to raise $1 billion in what would be the largest listing in the Philippines since 2021. A successful debut would provide a liquidity event for major backers and test investor appetite for high-growth Southeast Asian fintech.
### Scaling the Philippines' Dominant E-Wallet Mynt operates GCash, a platform used by 94 million people in a nation of nearly 120 million. Users access the app to purchase mobile data, pay bills, and manage savings, loans, and insurance. The $1 billion fundraising target would rival the 2021 IPO of Monde Nissin Corp.
