via Mynt.com.ph;
Mynt, Inc. (“Mynt” or the “Company”), the fintech pioneer behind the Philippines’ number one finance superapp GCash, today announced that its Board of Directors (the “Board”) and shareholders have authorized the Company’s filing of a registration statement with the Securities and Exchange Commission (SEC) and a listing application with the Philippine Stock Exchange, Inc. (PSE) in connection with a potential initial public offering (IPO), with the following terms:
- The offer will be equivalent to 12.0% of Mynt’s total outstanding capital stock post-IPO (“Firm Shares”), with each common share having a par value of P0.03 per common share.
- Firm Shares will consist of both primary and secondary offers.
This same information has been disclosed by Globe Telecom, Inc. in accordance with corporate governance standards and pertinent disclosure rules and regulations.