Environmental News For The Week Ending 24 April 2019
econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.
Del Monte Philippines revives listing plan, files for $907m IPO
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Noodle-maker Monde Nissin receives PSE nod for $1.3b Philippine IPO
A trader takes orders on a telephone at the Philippine Stock Exchange. Source: Reuters
April 26, 2021
Food maker Monde Nissin Corp has received approval from the Philippine Stock Exchange (PSE) for its planned initial public offering (IPO) that could raise 63 billion pesos ($1.3 billion) in what will be the country’s largest-ever listing.
The PSE approval came a day after Monde Nissin, which makes the best-selling Lucky Me! instant noodles in the Philippines and meat alternative Quorn in the UK, received pre-effective approval from the Securities and Exchange Commission (SEC).
In its registration statement with the SEC, the company said it is offering 3.6 billion shares at 17.50 pesos each. The final price will be determined on May 18 while the offer period is scheduled on May 24 to 28.