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Mynt, the parent company of mobile wallet GCash, has released an official statement clarifying that as of February 2026, it has not authorized any public offering of its shares.
This advisory comes amidst a wave of online posts claiming to offer “early access” to the company’s stocks.
Unauthorized ‘Pre-Sales’ are Scams
In its statement, the fintech unicorn emphasized that it has not made any official filings with the Philippine Securities and Exchange Commission (SEC) or the Philippine Stock Exchange (PSE).
Consequently, Mynt declared that any social media posts, private messages, or other communications offering “early access” or “pre-sale” of its shares are unauthorized and fraudulent.
The company assured the public that if and when it decides to offer securities in the future, it will do so strictly in accordance with applicable laws and regulations.
“The public is urged to remain vigilant, never click any suspicious link, and avoid sharing personal information or funds with these unauthorized entities.”
Mynt (Globe Fintech Innovations, Inc.)
Context: The Long-Awaited GCash IPO
The rumors of a public offering are not unfounded, as the topic has been discussed publicly by executives for years.
- 2023: Globe Telecom CEO Ernest Cu confirmed that GCash was “ready” for an Initial Public Offering (IPO)—a process where a private company sells shares to the public for the first time.
- Valuation: Mynt is currently the Philippines’ first and only $5 billion unicorn, a status that has driven immense investor interest.
This article is published on BitPinas: GCash Parent Company Mynt Denies ‘Public Offering’ Rumors; Warns Against Fake Share Sellers
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