Noodle-maker Monde Nissin receives PSE nod for $1.3b Philippine IPO

Noodle-maker Monde Nissin receives PSE nod for $1.3b Philippine IPO

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

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