US EditionPhilippine Billionaire Tony Tan Caktiong Plans U.S. Listing Of Jollibee’s International Business
Jollibee will separate its international business to enhance strategic focus and shareholder value, operating 10,000 stores in 33 countries, aiming for completion by late 2027.
- Jollibee Foods Corp said in a filing to the PSE on Tuesday it will spin off its international unit and seek a listing on a U.S. exchange.
- To sharpen strategic focus, Jollibee will split its domestic and international businesses to create two independently listed companies with distinct investment profiles targeting McDonald's and Yum!.
- Jollibee said its proposed Jollibee Foods Corporation International would include all businesses outside the Philippines, with advisers hired for the spin-off and potential U.S. listing.
- Shares jumped 14.5% on the news, producing the largest one-day gain in over five years, and existing Jollibee shareholders will receive shares in the new international entity corresponding to their current interest.
- The company said it intends to execute the transaction in late 2027, subject to market conditions, due diligence and regulatory approvals, while analysts warned the domestic unit may face lower valuation and index-weight impacts, Rachelle Biacora of COL Financial noted.
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What's the impact of Jollibee's planned spinoff and US listing of its int'l business?
MANILA, Philippines – Jollibee Foods Corporation (JFC) is creating a standalone international company in preparation for a possible listing on a United States securities exchange by 2027, the fastfood giant announced on Tuesday, January 6. In a disclosure to the Philippine Stock Exchange (PSE), JFC said its international operations and business will be separated from its Philippine counterpart through the establishment of Jollibee Foods Corporat…
Jollibee plans US listing for global business; stock surges - BusinessWorld Online
JOLLIBEE FOODS CORP. on Tuesday said it plans to spin off its international business and list it on a US stock exchange by late 2027 as the Philippine fast-food group plots its global expansion. Its stock jumped the most in more than five years after the announcement. Jollibee, which increasingly is taking aim at global fast-food giants such as McDonald’s and Yum! Brands, Inc. from Los Angeles to Ho Chi Minh City, said it has hired international…
Philippine Billionaire Tony Tan Caktiong Plans U.S. Listing Of Jollibee’s International Business
Jollibee has been building its international profile by expanding overseas and acquiring foreign brands such as Coffee Bean & Tea Leaf and Chinese restaurant chain Tim Ho Wan.
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