US EditionPhilippines' Jollibee Food's Highlands Coffee Evaluates Vietnam IPO
- On March 4, Jollibee Foods Corporation said its board is evaluating an initial public offering for Highlands Coffee, including a potential listing in Hanoi.
- Jollibee framed the move as supporting Highlands' growth by providing direct access to capital markets, with nearly 1,000 stores since 2012, underscoring its regional scale.
- Preparatory work shows Highlands has engaged international and local advisors and started defining the offering, while the transaction remains conditional and earlier 2019 listing plans stalled after JFC's $350-million acquisition of The Coffee Bean & Tea Leaf.
- At the local bourse, JFC shares fell 3.07% on Wednesday following the announcement, while analysts said a Vietnam listing could clarify valuation and access deeper capital pools but must suit timing and valuation.
- Looking ahead, Vietnam's equity market liquidity is growing rapidly, targeting roughly 9 million retail investor accounts by 2025 and 11 million by 2030, supporting a potential Hanoi listing in early 2027.
12 Articles
12 Articles
JFC’s Highlands Coffee eyes Vietnam IPO by 2027
By Alexandria Grace C. Magno, Reporter JOLLIBEE FOODS CORP. (JFC) said its subsidiary Highlands Coffee’s board is evaluating a standalone initial public offering (IPO) and listing in Vietnam, with a target completion by the first quarter of 2027. The company said in a disclosure on Wednesday that Highlands Coffee’s proposed IPO will provide access to capital markets to fund growth, boost its profile, and allow better focus on strategy and operat…
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Business TimesJollibee Food's Highlands Coffee evaluates Vietnam IPO
Fast-food restaurant operator Jollibee Foods Corp JFC.PS said on Wednesday that its Vietnamese coffee chain, Highlands Coffee, was considering an initial public offering and a subsequent listing in Hanoi. The company, which holds a 60% stake in SuperFoods Group, which owns Highlands Coffee, said the potential listing would give the coffee platform direct access to Vietnam’s growing […] The post Jollibee Food’s Highlands Coffee evaluates Vietnam …
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