Philippine food maker Monde Nissin secures investor commitments for $1b IPO

Philippine food maker Monde Nissin secures investor commitments for $1b IPO

Photo: GoodEats YQR/ Unsplash

Philippine food maker Monde Nissin Corp has secured investor commitments for a $1 billion initial public offering (IPO) at 13.50 pesos ($0.28) each, in what would be the country’s biggest IPO on record, three sources familiar with the matter told Reuters on Wednesday.

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