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Malaysian fast food operator QSR shelves IPO plans amid boycott campaign, sources say [Yahoo! Finance]

Starbucks Corporation (SBUX)  More Company Research Source: Yahoo! Finance
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
Asia, has indefinitely shelved plans to list on the local stock exchange as its businesses have been affected by boycott campaigns over Israel's military offensive in Gaza, two sources familiar with the matter told Reuters. Plans for QSR to hold an initial public offering that could raise up to $500 million have repeatedly stalled since 2017 due to, among others, worries that poor economic conditions could pose risks to its valuation. Such concerns have grown amid an ongoing boycott campaign in Muslim-Majority Malaysia, a staunch supporter of the Palestinians, against some Western fast food brands over their perceived links to Israel, the sources said. Malaysia's largest pension fund, the Employees Provident Fund (EPF), and European-based private equity firm CVC Capital Partners have paused the sale of their combined 44% stake in QSR due to businesses affected by the boycott campaigns, according to the two people, who declined to be named due to sensitivity of the matter. CVC [Read more]
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Stockreport

Malaysian fast food operator QSR shelves IPO plans amid boycott campaign, sources say [Yahoo! Finance]

Starbucks Corporation  (SBUX) 
More Company Research Source: Yahoo! Finance
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
Asia, has indefinitely shelved plans to list on the local stock exchange as its businesses have been affected by boycott campaigns over Israel's military offensive in Gaza, two sources familiar with the matter told Reuters. Plans for QSR to hold an initial public offering that could raise up to $500 million have repeatedly stalled since 2017 due to, among others, worries that poor economic conditions could pose risks to its valuation. Such concerns have grown amid an ongoing boycott campaign in Muslim-Majority Malaysia, a staunch supporter of the Palestinians, against some Western fast food brands over their perceived links to Israel, the sources said. Malaysia's largest pension fund, the Employees Provident Fund (EPF), and European-based private equity firm CVC Capital Partners have paused the sale of their combined 44% stake in QSR due to businesses affected by the boycott campaigns, according to the two people, who declined to be named due to sensitivity of the matter. CVC [Read more]
IMPACT SNAPSHOT
EVENT TIME:
SBUX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS