Mynt, the parent company of Philippine mobile wallet giant GCash, has received board and shareholder approval to file for an initial public offering (IPO) on the Philippine Stock Exchange (PSE), with disclosure made by major stakeholders Ayala Corporation and Globe Telecom on June 17. The offer is expected to represent around 12% of Mynt's outstanding capital stock post-IPO, and analysts anticipate it could raise approximately $1 billion, potentially making it the largest IPO in PSE history. The move marks a significant milestone for GCash, which is valued at around $5 billion and reported a profit of 5.6 billion Philippine pesos in the first quarter of 2026.