Philippines' Monde Nissin Aims To Cash In On Plant-based Meat Boom - Nikkei Asia

by asia.nikkei.com posted 2weeks ago 0 views
MANILA -- Philippine food juggernaut Monde Nissin debuted on the stock exchange on Tuesday after a record initial public offering that gave the company additional capital to expand its key noodle and plant-based meat segments. The company, which makes the Philippines' bestselling instant noodle line, Lucky Me!, and owns U.K. meat-substitute brand Quorn, raised 48.6 billion pesos ($1 billion) in the country's biggest-ever IPO last month. But trading on the Philippine Stock Exchange got off to a slow start, with its stock price opening down 0.15% at 13.48 pesos, in line with the performance of Manila's benchmark index.

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