Monde Nissin to offer up to 3.6 bln shares IPO set to be country’s largest ever Philippines companies set for large IPOs this year
MANILA, March 4 (Reuters) - The Philippines’ Monde Nissin Corp, maker of the ubiquitous Lucky Me! instant noodles, is looking to raise up to 63 billion pesos ($1.3 billion) through an initial public offering (IPO) that is set to be the country’s largest-ever listing.
The company’s filing on Thursday comes as the Philippines, a historical laggard in Southeast Asia in terms of fundraising and market activity, is shaping up to be the region’s biggest IPO market this year.
RPT-UPDATE 2-Philippine food maker Monde Nissin targets $1 3 bln IPO, country s biggest ever reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
The company behind popular Filipino food brands Lucky Me! and SkyFlakes files for an initial public offering of its shares of stock with the Securities and Exchange Commission to raise up to ₱63 billion.
Noodle-maker Monde Nissin files to raise $1 3b in largest-ever Philippine IPO dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
Philippine food maker Monde Nissin files for up to $1.3 billion IPO Kamis, 04 Maret 2021 / 15:24 WIB Sumber:
Wahyu T.Rahmawati
KONTAN.CO.ID - MANILA. The Philippines Monde Nissin Corp, maker of ubiquitous Lucky Me! instant noodles, on Thursday filed for an up to 63 billion peso ($1.3 billion) initial public offering (IPO), in what is set to be the country s largest-ever listing.
The filing comes as the Philippines, a historical laggard in Southeast Asia in terms of fundraising and market activity, is shaping up to be the region s biggest IPO market this year.
The owner of meat alternative Quorn is seeking regulatory approval to sell as many as 3.6 billion primary shares at a maximum price of 17.50 pesos ($0.3605) each, regulatory filing documents showed. It can sell up to 540 million more shares through an over-allotment option.