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Stock impact report

Jollibee plans US IPO as company prepares to spin off international division [Yahoo! Finance]

JOLLIBEE FOODS UNSP/ADR (JBFCY) 
NASDAQ:AMEX Investor Relations: jollibee.com.ph/investors
Company Research Source: Yahoo! Finance
Filippino quick-service company Jollibee Foods Corp. confirmed in a filing with the Philippine Stock Exchange that the company is preparing to spin off its international division. The global division will operate as a separate company with plans to eventually debut on the U.S. stock exchange, while the rest of the company will remain listed on the Philippine Stock Exchange. The news of a future initial public offering for Jollibee was announced on Jan. 6 less than a year after the debut of the company's U.S. franchise program last March . The first franchised Jollibee opened in Queens, New York last August, with more in the pipeline. Jollibee made its US debut in Daly City, California over 25 years ago, bringing its menu of sweet spaghetti, fried chicken, and hand pies over to the North American market in 1998. Since then, the company has grown to 75 units according to Technomic data from 2024, and is now the fourth-largest international chain in the U.S. The company also saw 16% Show less Read more
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