Monde Nissin Corp seeks approval for a P63 billion one of the largest IPO debut in the Philippines

Monde Nissin Corp is on its way to getting approval from SEC to raised up P72.45 Billion IPO. Monde Nissin Corp is a prominent Food manufacturing company in the Philippines as well as on its own foreign brands such as Quorn, Nudie, and Black Swan, Nissin confirmed that they will offer 3.6 million common shares with an over-allotment option for another 540 million at a price of Php 17.50 apiece.

In just a three-year period 12.4 average growth net sales had obtained by United Kingdom, Thailand, and the Philippines.

Monde Nissin will become the second company to file for an IPO this year after Central Azucarera de San Antonio Inc. of the Chan family filed for an IPO worth P588.33 million.

Three company also joined the stock Market last year MerryMart Consumer Corp., Converge Solutions Inc., and Ayala Land REIT and these company had raised around Php 104 billion from the stock market in 2020 including Php 44.3 billion from IPOs, P41.2 billion from follow-on offerings, P5.6 billion from private placements and P12.8 billion from the stock rights offering.

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