In a statement on Tuesday, the Securities and Exchange Commission said it approved the historic P72.45-billion IPO by Nissin. Related Stories Food giant Monde Nissin eyes Philippines' biggest IPOThe company behind the hugely popular Lucky Me! As it is, the Nissin IPO, including overallotments, is so massive it beats the combined capital raised in all IPOs seen over the past 2 years. The company is set to beat capital raised by Robinsons Retail Holdings Inc., which holds the title of the biggest IPO when it debuted in the Philippine Stock Exchange in 2013. However, Nissin appeared to have survived the pandemic crunch having increased profits 21.3% year-on-year to P8 billion in 2020.

Source: Philippine Star April 20, 2021 09:45 UTC