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Monde Nissin prices IPO at Php13.50 per share and secures overwhelming commitments from premier cornerstone investors


Monde Nissin prices IPO at Php13.50 per share and secures overwhelming commitments from premier cornerstone investors
5 hours ago
 
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Record Demand from Global Investors Reflects Exceptional Support for the Growth Opportunities of the APAC and Quorn Businesses in the Philippines’ largest ever IPO
SEC Approves Company’s Registration Statement and Issues Order of Registration and Permit to Sell Securities
Sets June 1 as Planned Listing Day on the PSE
Makati City, Phillippines (Antara/Business Wire)- Monde Nissin Corporation (“Monde Nissin” or the “Company”) has priced its proposed initial public offering (“IPO”) at Php13.50 per share. The IPO consists of 3,600,000,000 Common Shares (the “Offer”), with an overallotment option of a further 540,000,000 Common Shares granted by the Selling Shareholder. ....

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Monde Nissin to Raise $1 Billion in Philippines' Biggest IPO


Monde Nissin to Raise $1 Billion in Philippines’ Biggest IPO
May 07 2021, 5:37 AM
May 06 2021, 8:58 AM
May 07 2021, 5:37 AM
(Bloomberg) Monde Nissin Corp. has set a final price of 13.50 pesos per share for its initial public offering, putting the Philippine food maker on track to raise $1 billion in the nation’s biggest ever first-time share sale.
(Bloomberg) Monde Nissin Corp. has set a final price of 13.50 pesos per share for its initial public offering, putting the Philippine food maker on track to raise $1 billion in the nation’s biggest ever first-time share sale.
The producer of the Southeast Asian country’s best-selling instant noodle brand Lucky Me! is selling 3.6 billion shares at that price, it said in a letter to the local stock exchange on Thursday. That’s lower than the 17.50 pesos maximum price indicated in its IPO filing. ....

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Noodle maker Monde Nissin to raise a whopping $1b in Philippines' biggest IPO


Manila: The producer of Philippines best-selling instant noodle brand
Lucky Me! is selling 3.6 billion shares, it said in a letter to the local stock exchange. Monde Nissin has set a final price of 13.50 pesos per share on offer. That s lower than the 17.50 pesos maximum price indicated in its IPO filing.
Still, at 48.6 billion pesos ($1 billion), Monde Nissin s offering will be the biggest on record in the country. Del Monte Philippines Inc., another food company best known for its pineapple products, last month filed for an IPO that could raise as much as 38.3 billion pesos. (SM Investments Corp. s 28.8 billion-peso IPO in 2005 was the biggest so far.) ....

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