PSE approves Monde Nissin IPO, AC Energy follow-on offering

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Two companies are slated to sell shares to the public in May after their listing applications were approved by the Philippine Stock Exchange.

will be offering 3.6 billion primary shares and up to 540 million overallotment option shares at a price of up to P17.50 per share.The offer period of Monde Nissin is scheduled on May 24 to 28, while its tentative listing date is on June 7.

Ten percent of Monde Nissin's firm offer shares will be reserved for local small investors, who may subscribe to the IPO through the PSE EASy website. An IPO is the process of offering shares of a private company to the public. A public share issuance allows a company to raise capital from public investors.Shares will be sold at a price of up to P8.20 per share from May 3 to 7, and will be listed on May 14.An FOO is an issuance of shares of a company that has already done an IPO.Rappler.com

 

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