Food maker Monde Nissin Corp is aiming to list its shares in the first half of this year, in the Philippines' first billion dollar IPO, sources said, as the company hopes to attract investors to its expanding overseas meat alternative business.
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SINGAPORE/MANILA, March 11 (Reuters) - Food maker Monde Nissin Corp is aiming to list its shares in the first half of this year, in the Philippines’ first billion dollar IPO, sources said, as the company hopes to attract investors to its expanding overseas meat alternative business.
Last week, Monde Nissin filed for an initial public offering (IPO) that could raise up to 63 billion pesos ($1.3 billion) at the top end of an indicative price range, kicking off what is expected to be a record year of fundraising for local firms.
It did not give a timeline for the IPO’s launch.
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