The Philippine-based food manufacturing giant Monde Nissin Corp. Is in discussions with Singapore state investment fund GIC Pte and Hong Kong insurer AIA Group Ltd. To become cornerstone investors in what could be the country’s biggest-ever initial public offering.
Fidelity International and Capital Group Cos. Are also in discussions to buy stock in the offering.
Monde Nissin set a final price of P13.50 per share for its IPO, according to a stock exchange filing. This would put the Philippine food company on track to raise P48.6 billion ($1 billion) as shown in the Bloomberg data.
At 48.6 billion pesos, the IPO will overtake SM Investments Corp.’s 28.8 billion pesos offering in 2005, the Philippines’ biggest to date as the data shows.
Monde Nissin’s shares are expected to begin trading on June 7, according to an earlier prospectus.

Sources:
https://mb.com.ph/2021/05/11/monde-nissin-attracts-institutional-investors-to-p48-6-billion-ipo/
https://www.bworldonline.com/monde-nissin-attracts-gic-fidelity-to-1-billion-ipo/