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Monde Nissin Corporation: IPO Luck in The Philippines
Maria Theresa Manalac, Joelle Eila Robles, Michael Joshua Tibon, Diana Santos, Sandeep PuriCase IVEY-W34797-EFinanceIn May 2021, a recent MBA graduate and retail investor, read an announcement about Monde Nissin Corporation launching an initial public offering of 3.6 billion shares at ₱13.50 per share. The company expected to raise ₱48.6 billion in the largest common share offering ever in the Philippines, while the country was still in the middle of a COVID-19 pandemic lockdown. However, economic and stock market conditions were expected to improve after the ...Starting at €8.20