Mynt offers real-time IPO allocation starting at 100 shares for GStocks PH users via GCash
The IPO shares will be available directly in the GCash app through GStocks PH
Mynt Inc., the parent company of GCash, is set to launch its initial public offering (IPO) from October 6 to 12, with shares available on the GCash app through GStocks PH. The IPO minimum order is 100 shares priced at P660. There is no maximum order limit, subject to availability. GStocks PH users placed orders on October 6 and 7 will have their first 100 shares allocated in real-time, while remaining shares will be processed on a first-come, first-served basis.
Orders can be tracked on the GStocks PH dashboard, with fulfillment beginning on October 8. Mynt has obtained a Permit to Sell from the Securities and Exchange Commission, allowing the IPO to begin. The IPO represents a total size of approximately P53.0 billion, with strong demand from over 20 global and local institutions accounting for 70% of the allocation.
Assuming the overallotment option is exercised, the IPO could raise up to P60.9 billion, making it the largest IPO in Philippine history. The IPO will see Mynt listed on the Main Board of the Philippine Stock Exchange on October 20 under the stock symbol GCASH.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
