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DealStreetAsia

Philippine noodle-maker Monde Nissin receives PSE nod for $1.3bn IPO

The company to expand production and technological capacities in UK and Asia

The Monde Nissin IPO is expected to be the largest-ever on the Philippine Stock Exchange.   © Reuters

CEBU, Philippines -- Food maker Monde Nissin has received approval from the Philippine Stock Exchange for its planned initial public offering that could raise 63 billion pesos ($1.3 billion) in what will be the country's largest-ever listing.

The PSE approval came a day after Monde Nissin, which makes the best-selling Lucky Me! instant noodles in the Philippines and meat alternative Quorn in the U.K., received pre-effective approval from the Securities and Exchange Commission.

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