Why Jollibee is planning a US IPO for its international business
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Jollibee Food Corporation, which operates over 10,000 restaurants globally, plans to spin off its international operations and business from its Philippine business. It will list the international business as an independent company on the U.S. stock exchange, the company said in a filing on Tuesday with the Philippine Stock Exchange.
Jollibee is currently working with advisors to define the structure, processes and timing for the separation and the U.S. listing….
