PSE clears IPO of Monde Nissin

The Philippine Stock Exchange approved the maiden share offering of noodle maker Monde Nissin Corp. and the follow-on offering of Ayala Corp. unit AC Energy Corp.

The planned share sale of the two companies are scheduled in May.

Monde Nissin is offering 3.6 billion primary shares and up to 540 million over-allotment option shares at a price of up to P17.50 apiece for the initial public offering.

It will determine the final price on May 18, 2021 after the company conducts a book-building process.

The offering period of Monde Nissin is scheduled on May 24 to 28, 2021 while the tentative listing date is set on June 7, 2021.

“As a company responsible for several household brands in the food sector, Monde Nissin is certainly a welcome addition to our roster of listed companies. We are pleased that the company chose to raise capital and list in the PSE as investors have been looking forward to this IPO,” said PSE president and chief executive Ramon S. Monzon.

Topics: Philippine Stock Exchange , PSE , IPO , Monde Nissin Corp. , AC Energy Corp.
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.
AdvertisementGMA-Working Pillars of the House