appConfigEntityId

bodyType

customContents

entityId

entityUuid

isVideo

articlePageQuery

article

articleSchemaContent

content

hooksArticlePageAdvertisementConfigArticle

hooksArticlePageFloatingButtonConfigArticle

appConfig

filter

json

liveArticle

Zoe SL Chan

The parent company of Philippine fast-food giant Jollibee plans to spin off and list its international operations in Hong Kong instead of New York in a strong endorsement of the city’s initial public offering (IPO) diversification efforts.
Jollibee Foods Corp (JFC) said in January that it intended to list its overseas arm, Jollibee Foods Corporation International (JFCI), in the United States. The company has now selected Hong Kong as its listing destination.
“Hong Kong offers the market depth and investor relevance to support JFCI’s long-term ambitions and is best positioned to recognise the value of its distinctive business profile and growth potential,” the company said on Tuesday.
JFC added that bourse operator Hong Kong Exchanges and Clearing (HKEX) also provided access to a broad base of global and regional investors, making it well suited to support a business aiming to expand beyond Asia, including continued growth in North America.
The company said these characteristics provide a strong platform for JFCI as it seeks to build a leading global food and beverage business with roots in the Philippines.
More than 150 Southeast Asian companies are currently listed in Hong Kong, raising more than US$4.3 billion in total, making the city the preferred overseas IPO hub for the region, HKEX CEO Bonnie Chan Yiting said in April.
She added in August that about 10 foreign companies had already applied to list in Hong Kong.
JFCI operates fast-food chains across Asia, including Hong Kong’s Michelin-rated restaurant chain Tim Ho Wan, known for its signature baked barbecue pork buns.
It delivered strong double-digit growth in 2025, with segment revenues reaching 126.8 billion pesos (US$2 billion) – a 27 per cent year-on-year increase – driven by strong momentum in Vietnam, the company’s largest overseas market by store count, according to its annual report.
Founded in 1975, JFC has aggressively expanded abroad to boost its global brand recognition. Its latest move was the full acquisition in February of All Day Fresh, a Korea-headquartered hotpot and all-you-can-eat restaurant brand.
By the end of 2025, JFC’s global footprint had expanded to 10,341 stores across 33 countries, including China, the US and South Korea, according to its annual report. More than 6,850 stores were located overseas.


Chinese RISC-V chipmaker Eswin seeks US$300m in Hong Kong IPO ahead of October debut

Morgan Stanley deal leak triggers rival poaching, security warnings for Hong Kong banks

China’s humanoid robot IPO slowdown no threat to firms with ‘genuine strength’: Deloitte

Morgan Stanley ‘fat finger’ leak of confidential deal pipeline sets off alarm bells

Philippine fast-food giant Jollibee picks Hong Kong over New York for spin-off’s listing

Jollibee has expanded its global footprint across 33 countries and regions. Photo: Eugene Lee

Hong Kong stock exchange extends listing application window to 12 months

The Hong Kong stock exchange has a large backlog of listing applications, with around 500 companies awaiting approval. Photo: Nora Tam

Amos Food plans Hong Kong listing to expand global sweets empire

Chinese confectionery giant Amos Food has seen its sweet brands go viral on TikTok and other social media platforms. Photo: Handout

Next for Hong Kong’s exchange: ‘more products on our shelf’, HKEX boss pledges

A flag showing the logo of Hong Kong Exchanges and Clearing flies outside Exchange Square in Central, where the company has its headquarters, on July 21. Photo: Jelly Tse

(L-R) HKEX’s Richard Leung, group chief information officer; Herbert Hui, group chief financial officer; Bonnie Chan, CEO; Vanessa Lau, chief operating officer; and Gregory Yu, head of markets, attend the company’s results presentation in Exchange Square in Central on Wednesday. Photo: Nora Tam

‘IPO queen’ Pamela Chung says time is ripe for listing connect scheme

Pamela Chung Kong-hung at her office in Causeway Bay on August 11. Photo: Jonathan Wong

Pamela Chung Kong-hung. Photo: Jonathan Wong

China’s robotics IPO wave gains steam as 2 more firms eye Hong Kong listings

Infiforce Technology Group is one of several Chinese robotics start-ups pursuing a Hong Kong initial public offering. Photo: Handout

Business

Banking & Finance

Markets

Companies

News

Company’s plan to list international arm in Hong Kong underscores city’s IPO diversification drive


Company’s plan to list international arm in Hong Kong underscores city’s IPO diversification drive.


Philippine fast-food giant Jollibee picks Hong Kong over New York for spin-off’s listing

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Company’s plan to list international arm in Hong Kong underscores city’s IPO diversification drive

Company’s plan to list international arm in Hong Kong underscores city’s IPO diversification drive