{
  "id": 11364336,
  "title": "GCash parent Mynt prices US$845 million IPO, set to bolster Philippine share market",
  "url": "https://urgent.news/2026/10/02/gcash-parent-mynt-prices-us-845-million-ipo-set-to-bolster-philippine",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T05:14:53.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/international/asean/gcash-parent-mynt-prices-us845-million-ipo-set-bolster-philippine-share-market"
  },
  "original_language": "en",
  "account": "Mynt, the parent company of Philippine mobile wallet GCash, has priced its initial public offering (IPO) at 6.60 Philippine peso or US$0.1052 per share, totaling approximately 53 billion peso (US$844.7 million). This substantial listing could bolster the Philippine stock market, which has seen a significant decline in funds raised in 2026. Companies have only raised US$227.1 million through share sales in the first nine months of the year, a 71% decrease compared to the same period in 2025. Large investors, including Capital Research and Management Company, Citadel Multi-Strategy Equities Master Fund, HSBC Global Asset Management, International Finance Corporation, and Lazard Asset Management, have committed to purchase a total of 36.5 billion peso in shares before the public sale begins. Mynt's IPO, which will hold an investor briefing in Makati City on October 6, is set to commence trading on the local bourse on October 20.",
  "summary": "This will lift the country’s bourse, where funds raised in 2026 fell 71% on the year as at Sep 29",
  "key_points": [
    "Mynt IPO priced at US$845 million, 6.60 PHP per share",
    "Large investors commit to 36.5 billion PHP shares",
    "IPO set to begin trading October 20 in Philippine market"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Tech in Asia",
        "title": "GCash trims IPO ambitions to meet market realities",
        "url": "https://urgent.news/2026/10/02/gcash-trims-ipo-ambitions-to-meet-market-realities",
        "published": "2026-10-02T04:39:12.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}