MANILA, March 6 (Bloomberg): Philippine food maker Monde Nissin Corp. filed for an initial public offering to raise as much as 63 billion pesos ($1.3 billion) in what could be the nation’s biggest ever first-time share sale.
The producer of the country’s best-selling instant noodle brand Lucky Me! plans to sell 3.6 billion shares at as much as 17.5 pesos each, according to a filing with the Philippine Securities and Exchange Commission on Thursday. The company could issue as many as 540 million additional shares in an overallotment option, the filing showed.
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