Mynt, the Philippine fintech unicorn backed by Ant International, plans to file an IPO for its GCash mobile‑money arm as early as this month. The company aims to raise more than $1 billion by listing in the fourth quarter, positioning itself as the country’s biggest float since 2021.

If the filing succeeds, Mynt will begin talks with cornerstone investors in August, a move that could strengthen demand amid a volatile market. Securing high‑profile backers often signals confidence and can boost a company’s valuation during the road‑to‑public phase. Ant International, owning over 30% of Mynt, declined to comment, while Globe Telecom also stayed silent.

The IPO would eclipse the 2021 $1.0 billion Monde Nissin offering, the largest Philippine listing in five years. Mynt’s valuation could set a new benchmark for Southeast Asian fintechs, attracting both local and foreign capital as the region pivots toward digital payments.

Analysts say the timing could capitalize on a rebound in Philippine equities after a dip in late 2023. A successful float would unlock liquidity for early investors and could trigger a wave of follow‑on offerings from other fintechs looking to tap Manila’s growing consumer base.