Food maker Monde eyes P72.45B IPO, biggest debut in PH stock market | Inquirer Business
Close  

Food maker Monde eyes P72.45B IPO, biggest debut in PH stock market

/ 05:00 PM March 04, 2021

MANILA, Philippines—Food manufacturer Monde Nissin Corp. is seeking regulatory approval to sell as much as P72.45 billion worth of shares through an initial public offering, potentially the largest stock market debut in the country.

Monde Nissin plans to sell as much as 3.6 billion common shares with an over allotment option of 540 million common shares at a maximum price of P17.50 per share,

ADVERTISEMENT

The company behind iconic brands like Lucky Me! instant noodles, Skyflakes crackers, Fita crackers, Monde baked goods and Quorn meat-free products has mandated UBS, Citi, Credit Suisse and JP Morgan as joint global coordinators.

BDO Capital, BPI Capital and First Metro Investment Corp. were mandated as the local lead underwriters.

FEATURED STORIES

Monde Nissin has been in the food manufacturing business for the last 40 years.

TSB
Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Business, Investors, IPO, Monde, shares
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2021 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.