Two companies are slated to sell shares to the public in May after their listing applications were approved by The Philippine Stock Exchange, Inc. (PSE).
For its initial public offering (IPO), Monde Nissin Corporation will be offering 3.6 billion primary shares and up to 540 million over-allotment option shares at a price of up to Php17.50 per share. The final offer price will be determined on May 18, 2021 after the company conducts its book building process.
The offer period of Monde Nissin is scheduled on May 24 to 28, 2021 while its tentative listing date is on June 7, 2021.
“As a company responsible for several household brands in the food sector, Monde Nissin is certainly a welcome addition to our roster of listed companies. We are pleased that the company chose to raise capital and list in the PSE as investors have been looking forward to this IPO,” said PSE President and CEO Ramon S. Monzon.
Ten percent of Monde Nissin’s firm offer shares will be reserved for local small investors (LSIs), who may subscribe to the IPO through the PSE EASy website (http://easy.pse.com.ph) or mobile application.
After its stock rights offering in January, AC Energy Corporation (ACEN) will now be conducting a follow-on offering (FOO) to raise as much as Php16.48 billion.
The offer shares will be sold at a price of up to Php8.20 per share. ACEN’s FOO will run from May 3 to 7, 2021 and its tentative listing date is on May 14, 2021.
Details of Monde Nissin’s IPO and ACEN’s FOO may be accessed through the Listing Notices section of the PSE EDGE website (http://edge.pse.com.ph).