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Manila Bulletin devider Business devider The Stock Market devider GCash parent Mynt says no early stocks for sale

GCash parent Mynt says no early stocks for sale

Published Feb 25, 2026 10:31 pm
Globe Fintech Innovations Inc., the operator of the digital-finance giant GCash, warned investors against fraudulent social media posts promising “early access” or “pre-sales” of its shares as anticipation builds for what could be the country’s largest-ever listing.
In an advisory, Mynt said it has not authorized any public offering of its securities, noting that the online claims are unauthorized and fraudulent.
“Mynt has not made any official filings with the Philippine Securities and Exchange Commission or Philippine Stock Exchange (PSE),” the company said.
Mynt said that if it decides to offer securities in the future, it will do so in accordance with applicable laws and regulations.
“The public is urged to remain vigilant, never click any suspicious link, and avoid sharing personal information or funds with these unauthorized entities,” it said.
Valued at around $5 billion, Mynt is the Philippines' first and only fintech unicorn.
The company operates G-Xchange Inc. (GXI), the operator of the country’s leading mobile wallet GCash, as well as tech-based lending firm Fuse Lending.
GCash is expected to make its much-anticipated debut on the local bourse this year, although Globe Chief Financial Officer Juan Carlo Puno clarified that there is no timeline yet.
Puno said earlier this month that the company remains open to various capital solutions, including an initial public offering (IPO).
“However, there is still no official decision that has been made regarding the timing,” said Puno.
“In the meantime, the Mynt team is very focused and very committed to growing its business amid this evolving macro and regulatory condition,” he added.
GCash had been considering an IPO to raise as much as $1.5 billion, which would be the country’s biggest listing ever. The company has been waiting for changes to the public float requirement before moving forward with plans to list on the local bourse.
The Securities and Exchange Commission (SEC) has since introduced a tiered minimum public ownership framework for IPOs, calibrating the public float requirement for “exceptionally large” firms with at least ₱200 billion in market capitalization down to 12 percent.
The move is seen to encourage GCash to push through with its IPO plans.
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