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Monde Nissin Completes Largest IPO in Philippines History and Begins Trading on the PSE KUALA LUMPUR, June 1 (Bernama) -- Monde Nissin Corporation (Monde Nissin) has successfully completed the largest initial public offering (IPO) in Philippine history, and its common shares began trading on the Philippine Stock Exchange (PSE). The Company’s IPO of 3,600,000,000 Common Shares (the Offer) priced at Php13.50 per share raised Php48.6 billion, excluding underwriting commissions and other offering expenses payable by the Company. (Php100 = RM8.64) Monde Nissin’s international and domestic book building process was multiple times oversubscribed, according to a statement. “Today is a milestone moment in our history as we accelerate our mission to improve the well-being of people and the planet, and create sustainable solutions for food security,” said Monde Nissin Corporation Chief Executive Officer (CEO), Henry Soesanto. “We begin life as a public company with significant momentum – our Quorn and Asia-Pacific Branded Food and Beverage businesses are performing well and are poised to capture the tremendous market opportunities that lie ahead. “Our proven ability to advance our products by leveraging innovation and investments in technology to provide healthier and more delicious food allows us to stay ahead of evolving consumer demands and strengthens our ability to expand into new markets,” added Soesanto. Soesanto rang the PSE bell that signalled the start of the day’s trading, alongside PSE President and CEO Ramon S. Monzon, who was joined by his PSE colleagues COO Atty. Roel A. Refran and Issuer Regulation Division Head Atty. Marigel B. Garcia. Monde Nissin is a global food and beverages company headquartered in the Philippines, with a portfolio of iconic and market leading brands across fast-growing categories. More details at www.mondenissin.com. -- BERNAMA |
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