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IPO

Philippine instant noodle maker Monde Nissin aims for $1.3bn IPO

Company behind popular Lucky Me! brand targets country's largest listing

Monde Nissin, maker of Lucky Me! instant noodles, on Thursday filed for an initial public offering, in what is set to be the country's largest-ever listing.   © AFP/Jiji

MANILA -- Philippine instant noodle and biscuit producer Monde Nissin plans to raise up to 63 billion pesos ($1.3 billion) in what could be the country's largest initial public offering.

The company behind the popular Lucky Me! instant noodle and SkyFlakes biscuit brands is looking to sell up to 3.6 million shares at up to 17.50 pesos apiece, with an option to sell up to 540 million more shares, according to a prospectus filed with the Philippine Securities and Exchange Commission on Thursday.

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