MANILA, Philippines — Mynt Inc. on Friday set the final offer price for its initial public offering (IPO) at P6.60 per share, according to a disclosure to the Philippine Stock Exchange.
The final price covers the public offering of 8,027,409,600 common shares, with an overallotment option of up to 1,204,111,400 secondary common shares.
At P6.60 per share, the base offer is valued at about P52.98 billion, while the total could reach about P60.93 billion if the overallotment option is fully exercised.
The proposed IPO remains subject to the conditions set by the Securities and Exchange Commission (SEC) and the PSE, including the SEC’s issuance of a permit to sell.
Mynt operates GCash, which is set to be listed on the PSE Main Board following the IPO.
