Noodle maker Monde Nissin sets final price for Philippine IPO, eyes $1b

Noodle maker Monde Nissin sets final price for Philippine IPO, eyes $1b

A trader takes orders on a telephone at the Philippine Stock Exchange. Source: Reuters

Philippine food maker Monde Nissin Corp has set a final price of 13.50 pesos per share for its initial public offering (IPO) as it seeks to raise $1 billion in proceeds, a filing with the local stock exchange on Thursday showed.