By JON VIKTOR D. CABUENAS, GMA News
Published March 4, 2021 6:07pm Food maker Monde Nissin Corporation which owns the Lucky Me! brands is set to generate some P63 billion, in what could be the biggest initial public offering in the Philippine market to date. Monde Nissin plans to offer 3.6 billion shares at as much as P17.5 apiece based on its prospectus filed with the Securities and Exchange Commission (SEC) dated March 2, 2021. It has also set an overallotment option of 540 million shares. The company s Asia-Pacific Branded Food and Beverage Business includes instant noodles, biscuits, oyster sauce, and yogurt drinks under the brands Lucky Me!, SkyFlakes, Fita, Nissin, M.Y San Grahams, Mama Sita s, and Ditch Mill.
Published March 4, 2021, 4:54 PM
Monde Nissin Corporation, manufacturer of popular food and beverage products such as Lucky Me! instant noodles and Sky Flakes, is raising up to P72.5 billion from its planned initial public offering.
The Securities and Exchange Commission said it has received the registration statement of Monde Nissin Corp. for the IPO of up to 3.6 billion new common shares at an offer price of up to P17.50.
It will also have an overallotment option of up to 540 million common shares consisting of secondary shares being sold by shareholder Henry Soesanto.
About 70 percent of the IPO shares will be sold to domestic and international institutional investors, including cornerstone investors, while the remaining 30 percent will be sold through the Philippine Stock Exchange’s trading participants and to local small investors.
The company behind popular Filipino food brands Lucky Me! and SkyFlakes files for an initial public offering of its shares of stock with the Securities and Exchange Commission to raise up to ₱63 billion.
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