THE Securities and Exchange Commission has cleared the P72.45-billion initial public offering (IPO) of food manufacturer Monde Nissin Corp. The commission on Tuesday said it resolved to render effective the company’s registration statement covering 17.97 billion common shares, which would be listed on the main board of the Philippine Stock Exchange. Monde Nissin’s primary offer comprises of 3.6 billion common shares, with an overallotment option of up to 540 million existing common shares, priced at up to P17.50 per share. Meanwhile, BDO Capital & Investment Corp., BPI Capital Corp. and First Metro Investment Corp. would act as local lead underwriters. China Bank Capital Corp., PNB Capital and Investment Corp. and SB Capital Investment Corp. were also tapped as domestic co-lead underwriters.

Source: Manila Times April 20, 2021 16:18 UTC