BlackRock, the world’s largest asset manager, plans to invest in Mynt’s IPO for GCash, with a target raise of up to $1.5 billion, or approximately 92.3 billion Philippine pesos, which would make it the largest IPO in Philippine history. Mynt filed for its IPO on June 27, 2026, pricing shares at 10 pesos each, offering up to 8.03 billion common shares plus 1.2 billion secondary shares. GCash has approximately 39 to 40 million monthly active users from 90 million total registered accounts, facilitating 17 trillion pesos in annual payment transactions. In 2025, Mynt reported revenue of 79.8 billion pesos, up 27% year-on-year, and net income of 17.2 billion pesos, surging 56%.
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