Company’s plan to list international arm in Hong Kong underscores city’s IPO diversification drive
2-MIN READ2-MIN ListenZoe SL ChanPublished: 3:03pm, 2 Sep 2026Updated: 3:14pm, 2 Sep 2026The parent company of Philippine fast-food giant Jollibee plans to spin off and list its international operations, choosing Hong Kong over 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.
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.
