12/09/2026
GCash IPO could be priced between ₱7.50-₱8.50 per share, ₱1.5-2.5 lower than the maximum offer price of ₱10/share
Why they want it to be cheaper?
The highly anticipated Mynt IPO, the company behind GCash could potentially be priced at around ₱7.50–₱8.50 per share, according to BDO Capital President Eduardo Francisco.
This is below the previously indicated maximum IPO price of ₱10/share.
But before we get too excited, ₱7.50–₱8.50 is NOT yet the final IPO price. The ₱10 price in the prospectus is an “up to” price, and discussions with investors are still ongoing.
Why does the lower price matter?
At ₱10/share, the GCash IPO could raise as much as ₱92.32 billion if the overallotment option is fully exercised.
But if the IPO is priced around:
₱7.50/share → ~₱69.23B
₱8.50/share → ~₱78.46B
Even at this lower range, it would still surpass Monde Nissin's ₱55.89B IPO in 2021, potentially making GCash the largest IPO in Philippine history.
So is ₱7.50–₱8.50 attractive?
This is where things become interesting for investors.
A lower IPO price could:
✅ Make the valuation more reasonable
✅ Encourage more retail and institutional participation
✅ Potentially provide a better entry point
✅ Reduce the risk of an expensive IPO valuation
But remember:
A lower IPO price doesn't automatically mean the stock is cheap.
The more important question is:
What valuation are we actually paying for GCash at ₱7.50, ₱8.50 or ₱10?
Because ultimately, we're not just buying the GCash app.
We're buying Mynt's earnings, growth, financial services business, lending exposure, competitive position and future potential.
And there's another BIG reason investors are watching
Mynt's IPO is expected to be one of the biggest events for the Philippine Stock Exchange this year.
The SEC has already cleared the proposed IPO, with the indicative listing scheduled for October 20, 2026, subject to completion of the remaining requirements and final offer process.
The current indicative timetable has the public offer running from October 6–12, with the final offer price expected to be announced before the offer period.
NOW THE QUESTION FOR INVESTORS:
If GCash IPO price becomes:
🟢 ₱7.50 — BUY?
🟡 ₱8.50 — BUY or WAIT?
🔴 ₱10.00 — Too expensive?
At what price would YOU be willing to buy GCASH on IPO day?
₱7.50 / ₱8.00 / ₱8.50 / ₱9.00 / ₱10.00
Disclaimer: This post is for educational and informational purposes only and should not be considered financial advice. The ₱7.50–₱8.50 range is an indicative view and not the final IPO price.