The Philippine Stock Exchange has approved the stock offerings of Monde Nissin Corporation and AC Energy Corporation which, combined, will raise up to P88.9 billion from the equities market in May. For its initial public offering (IPO), Monde Nissin Corporation will be raising up to P72.45 billion. The offer period of Monde Nissin is scheduled on May 24 to 28, 2021 while its tentative listing date is 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,” said PSE President and CEO Ramon S. Monzon. The offer shares will be sold at a price of up to Php8.20 per share.

Source: Manila Bulletin April 25, 2021 21:56 UTC