Jollibee picks Hong Kong over US for international unit listing
It now sees Hong Kong as “a natural market” for the listing vehicle, given its presence across Asia.
Philippine fast-food giant Jollibee Foods is shifting its international unit listing from the United States to Hong Kong, according to a statement released on September 1. Previously, the company planned to spin off its international business and list it on a US stock exchange to expedite its global expansion. However, Jollibee now believes Hong Kong is "a natural market" for Jollibee Foods Corporation International, or JFCI, given its strong presence and brand recognition across Asia.
The company cited Hong Kong's investor relevance and market environment as key factors in its decision. This shift comes as Hong Kong's market for first-time share sales experiences a surge, driven by a wave of Chinese technology companies seeking funding for AI initiatives. In 2026, total proceeds from Hong Kong debuts exceeded US$45 billion, making it the third-best year ever.
Hong Kong is projected to surpass the previous record of US$57.8 billion set in 2010. Jollibee's chief financial and risk officer, Richard Shin, will serve as the chief executive of JFCI. With a portfolio of 20 brands and over 10,700 stores and cafes in 33 countries, including the US, China, Vietnam, and Canada, Jollibee continues to expand its global footprint.
Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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