MANILA: Two families behind the best-selling Lucky Me! instant noodles are sitting on a fortune worth billions of dollars after a record IPO in the Philippines, the latest example of the vast wealth being created in Asia as companies go public.
The families from Indonesia and the Philippines own almost 70% of the Monde Nissin Corp, which started trading last week after raising more than US$1bil (RM4.12bil) in its initial public offering. Together, they’re worth about US$3.6bil (RM14.82bil), according to the Bloomberg Billionaires Index.