Monde Nissin Corp (MONDE.PS) saw it shares weaken 0.14% at the opening bell on its stock market debut on Tuesday, after the Philippine food maker raised 48.6 billion pesos ($1 billion) in the country's largest-ever initial public offering (IPO).
A janitor wearing a face mask cleans the lobby of the Philippine Stock Exchange amid the coronavirus disease outbreak, in Taguig City, Metro Manila, Philippines, Sept. 30, 2020. REUTERS/Eloisa Lopezsaw it shares weaken 0.14% at the opening bell on its stock market debut on Tuesday, after the Philippine food maker raised 48.6 billion pesos in the country's largest-ever initial public offering .
The firm will invest the IPO proceeds in research and development as well as in production capacity to capture fast-growing opportunities in the global alternative protein market, Soesanto said.
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