MAKATI CITY, Phillippines--(BUSINESS WIRE)--Monde Nissin Corporation (“Monde Nissin” or the “Company”; PSE stock symbol: MONDE) today announced that it has successfully completed the largest initial public offering (“IPO”) in Philippines history and its common shares began trading on the Philippine Stock Exchange (“PSE”).
The Company’s IPO of 3,600,000,000 Common Shares (“the Offer”) priced at Php13.50 per share raised Php48.6 billion, excluding underwriting commissions and other offering expenses payable by the Company. Monde Nissin’s international and domestic book building process was multiple times oversubscribed.
“Today is a milestone moment in our history as we accelerate our mission to improve the well-being of people and the planet, and create sustainable solutions for food security,” said Henry Soesanto, Chief Executive Officer of Monde Nissin Corporation. “We begin life as a public company with significant momentum – our Quorn and Asia-Pacific Branded Food and Beverage businesses are performing well and are poised to capture the tremendous market opportunities that lie ahead.”
Mr. Soesanto added, “As a recognized leader in the meat alternatives industry, Quorn is at the forefront of the global shift towards sustainably produced food for health- and environmentally-conscious consumers. We also benefit from our market leading positions across the core segments of our Asia-Pacific Branded Food and Beverage business. Our proven ability to advance our products by leveraging innovation and investments in technology to provide healthier and more delicious food allows us to stay ahead of evolving consumer demands and strengthens our ability to expand into new markets.”
Mr. Soesanto concluded by saying, “This moment would not be possible without the support of our loyal customers and the hard work and dedication of our talented team. We want to extend our deep appreciation to the devoted teams at the Philippines Securities and Exchange Commission and the PSE, whose guidance over the past several months enabled us to complete our historic offering. As we look ahead, we are laser focused on executing our long-term growth strategy to create lasting value for all our stakeholders.”
Earlier today, Mr. Soesanto rang the PSE bell that signaled the start of the day’s trading, alongside PSE President and CEO Ramon S. Monzon, who was joined by his PSE colleagues COO Atty. Roel A. Refran and Issuer Regulation Division Head Atty. Marigel B. Garcia. Also in attendance for the bell ringing were Monde MY San General Manager Keng Sun Mar, Monde Nissin Corporation Chief Strategy Officer David Nicol, coordinator of the IPO, Monde Nissin Corporation Chief Financial Officer Jesse Teo, DCFE Corporation President Emma Bajet, Calaca Harvest Terminal Inc. President Ernesto Ladrido III, Monde Nissin Corporation Brand Manager Yna Alvarez.
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About Monde Nissin
Monde Nissin Corporation (PSE stock symbol: MONDE) is a global food and beverages company headquartered in the Philippines, with a portfolio of iconic and market leading brands across fast-growing categories, including Lucky Me! noodles, SkyFlakes crackers, Fita crackers, Monde baked goods and Quorn meat alternative products. The Company aspires to improve the well-being of people and the planet, and create sustainable solutions for food security. That aspiration is reflected in our commitment to continuously improve our products to make them more delicious, nutritious, and better for the planet. For more information, please visit www.mondenissin.com.
About Quorn
Quorn Foods is a global market leader in healthy, sustainable protein. Headquartered in Stokesley, North Yorkshire in the United Kingdom, the company offers a wide range of great-tasting products to appeal to the rapidly expanding group of people wanting to reduce their meat consumption. The company employs around 900 people and exports to 15 countries around the world, including Australia, Singapore and the United States. Quorn® is one of the United Kingdom’s top 40 FMCG brands. Quorn Foods Ltd is the reporting group which includes a main trading company, Marlow Foods Ltd. Quorn Foods Ltd encompasses all international operations of Quorn® and Cauldron®. For more information, please visit www.quorn.com.
