cdn mobile

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

By: Doris Dumlao-Abadilla - Reporter / @philbizwatcher - Inquirer.net | March 04,2021 - 05:24 PM

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,

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.

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

TSB
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Read Next

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of Cebudailynews. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

TAGS:
No tags found for this post.
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.