Filipino snack maker Monde Nissin is reportedly preparing for an initial public offering with local reports suggesting the offering could happen by the second quarter of 2016.

The Philippine Star, citing a banking source privy to the matter, said the company was looking to do the IPO this year but decided it would be better pushed back as they had to review their financials following recent acquisitions.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

In March this year the firm acquired Australian drinks maker Nudie and Menora Foods, another Australian business. Last year, Monde Nissin snapped up Australian dips manufacturer Black Swan out of receivership.

The source said the proceeds of the $300-500m IPO would be used to boost operations in order for it to become a “significant” food and beverage player in Asia Pacific.

Monde Nissin did not respond to requests for comment when approached by just-food.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now