Millions of Filipinos use GCash every day to pay bills, send money, or load their phones. Now, for the first time, ordinary GCash users have a chance to actually own a piece of the company behind the app.
Mynt Inc., the parent company of GCash, is set to debut on the Philippine Stock Exchange (PSE) on October 20, 2026 under the ticker symbol GCASH. At a maximum offer price of P10 per share, this is shaping up to be the largest IPO in Philippine stock market history, surpassing Monde Nissin’s P55.89 billion offering in 2021.
Here’s everything you need to know, including how to actually buy shares using the GCash app itself.
What Is Happening With the GCash IPO
Mynt received approval from the PSE to list up to 8.03 billion common shares, made up of 1.61 billion new (primary) shares and 6.42 billion existing (secondary) shares, plus an overallotment option of up to 1.20 billion additional secondary shares.
At the maximum indicative price of P10 per share, the base offering alone would raise about P80.27 billion, and could reach as much as P92.3 billion if the overallotment is fully exercised. That would value Mynt at roughly P669 billion at listing.
The final offer price won’t be P10 automatically. It could be set lower, at P8.50 or even P7.50 per share, depending on demand from institutional investors during book building.
Key Dates to Remember
October 1, 2026 is when the final IPO price gets set through book building.
October 6 to 12, 2026 is the offer period, when investors can subscribe to shares.
October 20, 2026 is the tentative listing date, when GCASH shares officially start trading on the PSE.
Why This IPO Is Different for Everyday Filipinos
Most IPOs in the past were hard to access unless you already had a stockbroker account. This one is different because Mynt’s own IPO subscription will be available directly through GStocks PH, the investing feature already built into the GCash app.
With roughly 49 million verified GCash users, or about 42% of the Philippine population, this could be the first time a huge number of Filipinos are able to buy PSE-listed shares without ever opening a separate brokerage account.
Reports also suggest the minimum subscription will likely be around 100 shares. At an estimated price of P7 to P8 per share, that puts the entry cost at roughly P700 to P800, which is low enough for a lot of first-time retail investors to try.
How to Subscribe to the GCash IPO via GStocks PH
If you already have a verified GCash account, here’s the general process (based on how GStocks PH IPO subscriptions currently work, subject to final confirmation once the GCASH offer goes live):
Step 1: Make Sure Your GCash Account Is Fully Verified
You’ll need a fully verified GCash account with updated KYC (know-your-customer) requirements, including a valid government-issued ID.
Step 2: Open GStocks PH
Go to the Grow or Invest tab in your GCash app and tap GStocks PH. If you haven’t registered for GStocks PH yet, you’ll need to do that first. Account activation is usually instant for existing verified GCash users.
Step 3: Fund Your GStocks PH Wallet
Cash in to your GStocks PH trading wallet from your GCash balance before you can place an order.
Step 4: Look for the IPO Banner
During the offer period (October 6 to 12), tap the IPO banner inside GStocks PH. This should show you the subscription period, final price per share, and the minimum number of shares you can buy.
Step 5: Enter Your Order and Confirm
Input the number of shares you want to buy, review the order, and submit. Your order amount will be earmarked from your trading wallet immediately.
Step 6: Wait for Allocation Results
Because this is expected to be a heavily oversubscribed IPO, you may get a full allocation, a partial allocation, or none at all, depending on demand. Shares only appear in your portfolio on the actual listing date (October 20), not right after you subscribe.
Aside from GStocks PH, you can also subscribe through a traditional PSE stockbroker (about 20% of the offer is reserved for trading participants), or through PSE EASy if you qualify as a local small investor, which allows subscriptions from one board lot up to P100,000 per IPO.
Is the GCash IPO Worth Buying? Things to Consider
The growth story is strong. Mynt’s net profit jumped from P6.38 billion in 2023 to P17.25 billion in 2025, and first-half 2026 earnings alone rose 7.3% to P10.82 billion. Big institutional names are also backing the deal, including the International Finance Corp. (IFC), the World Bank’s private-sector arm, which cleared a P4.4-billion cornerstone investment.
The valuation is the main debate. At the maximum P10 offer price, some analysts note the deal leaves little room for error since it prices in a lot of future growth already. One market strategist pointed out that the “margin of safety” becomes bigger the further the final price comes in below P7. This is exactly why the book-building process on October 1 matters so much. A lower final price generally means a better deal for retail investors coming in.
This is still a single-stock investment. Even with a household name like GCash, putting money into one company’s IPO carries more risk than a diversified fund. Only invest what you’re prepared to hold through short-term price swings after listing, which is common for large, newly listed stocks.
Frequently Asked Questions
When is the GCash IPO?
The offer period is scheduled for October 6 to 12, 2026, with the final price set on October 1, and the tentative listing date on the PSE is October 20, 2026 under the ticker GCASH.
How much money do I need to join the GCash IPO?
Based on reports of a likely 100-share minimum and an estimated price range of P7 to P10 per share, you may need around P700 to P1,000 to participate, though the exact minimum will only be confirmed once the final prospectus and offer terms are released.
Can I really buy GCash IPO shares using the GCash app?
Yes. Through GStocks PH, GCash’s built-in investing feature, verified users are expected to be able to subscribe directly to the Mynt IPO without needing a separate brokerage account.
What if I don’t get shares during the IPO offer period?
If your subscription isn’t fully allocated or the offer period closes before you apply, you’ll still be able to buy GCASH shares on the open market once it lists on October 20, through GStocks PH or any PSE stockbroker, though the price will then depend on how the stock trades on its first days.
Is investing in the GCash IPO guaranteed to be profitable?
No. Like any stock, GCASH shares can go up or down after listing. IPOs, especially large ones, can be volatile in their first weeks of trading. Do your own research and only invest money you can afford to hold long term.
Blogger’s Corner
Grabe, this GCash IPO is honestly a big deal, hindi lang for the stock market kundi for ordinary Filipinos who’ve never touched stocks before. Ako mismo, GCash user tayong lahat halos, so may element of “sasali ba ako sa company na ginagamit ko na pala araw-araw?”
Pero as always, huwag tayo padalos-dalos. Wait tayo for the final price sa October 1 bago tayo mag-decide kung magsu-subscribe. Kung mababa ang final price versus yung P10 ceiling, mas malaking cushion yun para sa atin bilang retail investors. I’ll be tracking this closely and updating this article once the final offer price and subscription details sa GStocks PH are confirmed, so bookmark this page.
This article is for general informational purposes only and is not financial advice. IPO participation involves risk, and share prices can go up or down after listing. Please do your own research or consult a licensed financial advisor before investing.