{"id":13998,"date":"2026-01-20T13:38:48","date_gmt":"2026-01-20T13:38:48","guid":{"rendered":"https:\/\/microvibenews.com\/?p=13998"},"modified":"2026-01-20T13:38:48","modified_gmt":"2026-01-20T13:38:48","slug":"why-jollibee-is-turning-to-a-u-s-ipo-to-fuel-global-growth","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=13998","title":{"rendered":"Why Jollibee is turning to a U.S. IPO to fuel global growth"},"content":{"rendered":"

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Good morning. Chickenjoy\u2014its crispy, juicy fried chicken\u2014and Jolly Spaghetti are signature menu items at Jollibee, a Filipino fast-food chain that is building a growing fan base in the U.S. Now, the company is setting its sights on Wall Street. <\/p>\n

The Philippines-based Jollibee Foods Corporation (JFC), the restaurant\u2019s parent company, disclosed earlier this month that it plans to spin off its international operations and pursue a U.S. initial public offering for that business. The contemplated spin-off and listing are targeted for late 2027, leaving \u201cquite a bit of time ahead of us for the work to be done,\u201d its global chief financial officer, Richard Shin, said during a Jan. 14 media roundtable.<\/p>\n

JFC, which includes restaurant brands such as Smashburger and The Coffee Bean & Tea Leaf, is currently traded as a single group on the Philippine Stock Exchange and operates in 33 countries. Over the past 15 quarters, JFC\u2019s international network has posted a 26.7% compound annual growth rate, outpacing the group\u2019s overall 15.1% rate of expansion. The separation reflects increasingly distinct strategic profiles for the domestic and international businesses, Shin said.<\/p>\n

In March 2025, Jollibee launched its first U.S. franchising program. After opening its first North American location in 1998 in Daly City, California, the brand has since expanded to more than 100 locations across the U.S. and Canada as of early 2026.<\/p>\n

Why go the route of a U.S. IPO? \u201cI think there\u2019s a fact that we can all agree on: the U.S. capital markets have deep investor-based experience in valuing global consumer and restaurant growth companies,\u201d Shin said on the call.<\/p>\n

Many such companies are still growing into their potential yet are often rewarded with higher multiples and valuations, he said. While that outcome is not guaranteed for JFC, a U.S. listing offers greater capital depth, liquidity, and broader analyst coverage, with any final decision subject to valuation and required approvals, he added.<\/p>\n

The IPO market in the U.S. is heating up again, Fortune<\/em>\u2019s Jeff John Roberts writes in a new feature article. \u201cWhile 2026 will almost certainly not match the banner year of 1999, which saw 476 companies go public, investors should have far more choices than they did four years ago, when just 38 firms held an IPO,\u201d he writes.<\/p>\n

Shin also framed the separation of JFC in terms of simplifying how investors assess the corporation, noting the group includes businesses at different stages of their life cycles, with varying returns and opportunities. Distinct domestic and international entities, he suggested, could offer investors clearer, more targeted investment options as the strategic profiles of the two segments continue to diverge.<\/p>\n

Reasons for pursuing the separation include improved transparency, discipline in capital allocation, execution against the growth strategy, and the ability to attract an investor base aligned with the risk\u2013return profile of each business rather than being judged solely on short-term financial metrics, he said.<\/p>\n

\u201cThe transaction is aligned with the Jollibee Group\u2019s long-term value creation strategy,\u201d Shin said.<\/p>\n

With its eyes on Wall Street, Jollibee is betting that global taste and investor appetite will be on its side.<\/p>\n

Sheryl<\/strong> Estrada<\/strong>
sheryl.estrada@fortune.com<\/p>\n

This story was originally featured on Fortune.com<\/p>\n

#Jollibee #turning #U.S #IPO #fuel #global #growth<\/p>\n","protected":false},"excerpt":{"rendered":"

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