Monde Nissin Readies for Philippines‘ Largest-Ever IPO

Philippines food company Monde Nissin is finally kicking off its long-awaited initial public offering (IPO) at the Philippine Stock Exchange.

On May 19, the company said in a statement that it has set the final share price for the IPO at 13.50 pesos ($0.28) apiece.

The offer period for the stock listing has been set from May 19 to May 25. Trading on the main board of the Philippine Stock Exchange will commence on June 1 under the stock symbol MONDE.

The company, known for brands such as Lucky Me!, Mama Sita’s, Fita and Dutch Mill, said it will offer 3.6 billion common shares with an overallotment option of 540 million additional common shares.

According to the filing, Monde Nissin has secured 11 cornerstone investors with a long-term commitment, including AIA Investment Management, GIC Private Limited, Goldman Sachs Asset Management and Capital Group.

IPO proceeds likely to reach $1.2 billion

If all shares are sold, Monde Nissan would raise almost $1.2 billion, which would make the IPO the biggest on record in the country. SM Investments’ $600 million-IPO in 2005 was the biggest so far, while Del Monte Philippines, another food company known for its pineapple products, in April this year filed for an IPO that could raise as much as $800 million.

Monde Nissin makes instant noodle soups and a variety of snacks such as crackers, muffins and biscuits and has also ventured into the vegetarian and vegan food sector. It has a presence in more than 30 countries globally and in 2015 acquired UK-based meat substitute maker Quorn Foods.

Monde Nissin plans to use the IPO proceeds for loan repayments and general corporate use such as working capital, the company said.



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Philippines food company Monde Nissin is finally kicking off its long-awaited initial public offering (IPO) at the Philippine Stock Exchange. On May 19, the company said in a statement that it has set the final share price for the IPO at 13.50 pesos ($0.28) apiece. The offer period for the stock listing has been set from May 19 to May 25. Trading on the main board of the Philippine Stock Exchange will commence on June 1 under the stock symbol MONDE. The company, known for brands such as Lucky Me!, Mama Sita’s, Fita and Dutch Mill, said it will offer...

Philippines food company Monde Nissin is finally kicking off its long-awaited initial public offering (IPO) at the Philippine Stock Exchange.

On May 19, the company said in a statement that it has set the final share price for the IPO at 13.50 pesos ($0.28) apiece.

The offer period for the stock listing has been set from May 19 to May 25. Trading on the main board of the Philippine Stock Exchange will commence on June 1 under the stock symbol MONDE.

The company, known for brands such as Lucky Me!, Mama Sita’s, Fita and Dutch Mill, said it will offer 3.6 billion common shares with an overallotment option of 540 million additional common shares.

According to the filing, Monde Nissin has secured 11 cornerstone investors with a long-term commitment, including AIA Investment Management, GIC Private Limited, Goldman Sachs Asset Management and Capital Group.

IPO proceeds likely to reach $1.2 billion

If all shares are sold, Monde Nissan would raise almost $1.2 billion, which would make the IPO the biggest on record in the country. SM Investments’ $600 million-IPO in 2005 was the biggest so far, while Del Monte Philippines, another food company known for its pineapple products, in April this year filed for an IPO that could raise as much as $800 million.

Monde Nissin makes instant noodle soups and a variety of snacks such as crackers, muffins and biscuits and has also ventured into the vegetarian and vegan food sector. It has a presence in more than 30 countries globally and in 2015 acquired UK-based meat substitute maker Quorn Foods.

Monde Nissin plans to use the IPO proceeds for loan repayments and general corporate use such as working capital, the company said.



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Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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