Jollibee CFO Says Growth Supports 2027 US Listing of International Arm
Jollibee Foods Corp's international business is "ready to be a standalone", its global chief financial officer said on Wednesday, as the Philippine fast-food group prepares to spin off overseas operations to list on a U.S. exchange in late 2027.
The plan unveiled on January 5 envisages retaining the Manila listing of its Philippine business. The company's shares have climbed nearly 16% year-to-date, for a market capitalisation of about $3.9 billion, LSEG data showed.
There were "so many reasons to believe that international is ready to be a standalone and the potential is there to continue...
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