# How to buy GCash shares in the IPO, and whether you should > The GCash IPO is open October 6 to 12 at ₱6.60 a share. Here is how to subscribe through GStocks or PSE EASy, what you are buying, and the risks. By PesoHero Team · Published October 4, 2026 · Updated October 4, 2026 Topic: Money News · Tags: GCash, IPO, PSE, Beginner ## Key takeaways - The public offer runs October 6 to 12, 2026, at ₱6.60 a share. Trading starts October 20 under the ticker GCASH. - You can subscribe through GStocks in the GCash app or through PSE EASy. Open and verify your account before October 6. - About 80% of the shares come from existing owners selling, so most of the money does not go to GCash itself. - Only invest money you can leave for years, after your emergency fund is complete. Block Field GCash is going public, and for the first time, the people who use it every day can own a piece of it. The public offer runs **October 6 to 12, 2026**, at **₱6.60 a share**, and trading starts **October 20** under the ticker **GCASH**. Here is how to subscribe, what you are actually buying, and how to decide if it belongs in your portfolio. ## The IPO at a glance Mynt, the company behind GCash, is selling shares at ₱6.60 each in what could be the largest IPO in Philippine history. - **Offer price:** ₱6.60 per share, below the ₱10 ceiling in the prospectus - **Public offer period:** October 6 to 12, 2026 - **Listing date:** October 20, 2026, on the Philippine Stock Exchange - **Ticker:** GCASH - **Size:** up to about ₱60.9 billion if the overallotment option is fully used - **Valuation:** about ₱442 billion at the offer price The previous record was Monde Nissin's 2021 IPO, which raised about ₱55.89 billion. ## How to subscribe Retail investors can subscribe through GStocks inside the GCash app, or through PSE EASy if they qualify as local small investors. ### Through GStocks in the GCash app GStocks is the stock trading feature inside GCash, run with its broker partner AB Capital Securities. 1. Open the GCash app and find GStocks. 2. Open a GStocks account and finish the verification. Do this before October 6, because approval can take time. 3. When the offer opens, choose the GCash IPO, enter how many shares you want, and pay from your GCash wallet. 4. Watch for your allocation notice after the offer closes. OFWs can use GStocks from abroad, but a Philippine mobile number is required to open the account. ### Through PSE EASy PSE EASy is the Philippine Stock Exchange's system for local small investors to subscribe to IPOs. You need an account with a PSE-accredited broker that supports it. Your broker shows the steps, minimum, and payment deadline when the offer opens. ### How much you need Check the minimum subscription in GStocks or PSE EASy when the offer opens, and only commit what you can leave invested for years. If the IPO is oversubscribed, you may get fewer shares than you asked for. Any unallocated amount is refunded. ## What you are actually buying Most of the shares being sold come from existing shareholders, not new shares that raise money for GCash. Of the base offer of up to 8.03 billion shares, about 1.61 billion are new and about 6.42 billion are being sold by current owners. That means roughly 80% of the money goes to investors cashing out part of their stakes, not to GCash's business. That is common in large IPOs and is not a red flag by itself. It does mean you are buying from people who are selling. On the other side, more than 20 institutions committed about ₱36.5 billion as cornerstone investors before the price was set, including funds managed by BlackRock, Capital Research and Management, T. Rowe Price, and the World Bank Group's International Finance Corporation. ## The risks An IPO price is not a guaranteed floor, and new listings can fall as easily as they rise. - **The listing price can drop.** Shares trade freely from October 20. If demand fades, the price can fall below ₱6.60. - **No track record as a listed company.** There is no history of share prices or public dividends yet. - **Competition and regulation.** Fintech is crowded, and rules from the Bangko Sentral ng Pilipinas can change what GCash earns. - **A rough market.** The PSE index slid to its lowest level in 11 months in early October, as high oil prices, inflation, and a weak peso weighed on investors. ## Should you buy? Buy only with money you can leave for years, after your emergency fund is complete, and only as a small part of what you invest. It can make sense if: - Your emergency fund already covers three to six months of expenses - You want long-term exposure to Philippine digital finance - You are fine holding through a drop without selling Skip it, or keep it small, if: - You are hoping for a quick first-day gain to pay for something - The money is part of your emergency fund or needed within a few years - It would be most of your investments New to all this? Start with [How big should your emergency fund be?](/articles/emergency-fund-how-much-philippines), then compare safer options in [REITs vs time deposits](/articles/reits-vs-time-deposits-philippines) and [Pag-IBIG MP2 for beginners](/articles/pag-ibig-mp2-for-beginners). ## Taxes on your shares When you sell shares listed on the PSE, a stock transaction tax is deducted from the sale. Your broker computes and withholds it automatically, so you do not file anything separately for it. PesoHero will track your stocks, MP2, and bank accounts together in one net worth view. [Join the waitlist](/#join) to hear when it launches. ## Sources - [Rappler: GCash prices Philippines' biggest-ever IPO at ₱6.60 per share](https://www.rappler.com/business/gcash-final-initial-public-offering-price/) - [BusinessWorld: GCash parent Mynt sets final IPO price at ₱6.60 per share](http://bworldonline.com/corporate/2026/10/02/783948/gcash-parent-mynt-sets-final-ipo-price-at-p6-60-per-share/) - [Manila Times: Mynt IPO opens investment opportunity for OFWs](https://www.manilatimes.net/2026/09/27/news/mynt-ipo-opens-investment-opportunity-for-ofws/2433558) - [Philstar: Stocks slip to lowest level in 11 months](https://www.philstar.com/business/2026/10/03/2560513/stocks-slip-lowest-level-11-months) - [Philstar: GCash IPO tipped to energize capital market](https://www.philstar.com/business/2026/09/23/2558387/gcash-ipo-tipped-energize-capital-market) - [Philippine Stock Exchange](https://www.pse.com.ph/) This is general information, not investment advice. PesoHero is not affiliated with GCash or Mynt and earns nothing from this IPO. Block Field ## Frequently asked questions ### Can OFWs buy GCash IPO shares? Yes, through GStocks in the GCash app, but you need a Philippine mobile number to open the account. ### Will the price go up on the first day? Nobody knows. New listings can rise or fall from the offer price, and the Philippine market was near an 11-month low in early October. ### What if I get fewer shares than I asked for? If the IPO is oversubscribed, allocations can be scaled down and the unallocated amount is refunded. ### Does GCash pay dividends? Mynt has no public dividend history yet because it has never been listed. Check its prospectus and future disclosures on the PSE website. --- Source: https://pesohero.com/articles/gcash-ipo-how-to-buy-shares