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Jollibee Picks Hong Kong for International IPO Spinoff After U.S. Switch

Jollibee logoJollibee
Sig3.90Sen+2.10Env0.00Soc0.00Gov+0.90

Jollibee is abandoning an earlier plan to list its international operation in New York and will instead spin it off for a separate listing on the Hong Kong Stock Exchange, according to a filing. The international unit accounts for about 40% of revenue and is supported by a footprint of roughly 10,700 stores across 33 countries.

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