Mega Prime eyes initial public offering in 2-3 years

MEGA PRIME FOODS, Inc. is targeting an initial public offering (IPO) within the next two to three years as part of its long-term growth strategy, while seeking to expand its sardines market share this year.

- Justine Irish D. Tabile

"It is on the table because we really want to share this story, this company, with the Filipinos and with other investors because we believe in it so much," Mega Prime Chief Growth and Development Officer Marvin P. Tiu Lim told reporters on Wednesday.

"And I think given the right management team, given the right brands that are out there for acquisition, and given the right plan for future growth, we can take this Filipino company globally," he added.

Mr. Tiu Lim said the company has started preparations for the potential listing, which include discussions with banks and improving internal processes.

"We want the company to be able to go IPO anytime, and that means being more transparent, having good corporate governance in place, and being more professional. So, it has to run like a professionally run company," he said.