Rappler
What’s the impact of Jollibee’s planned spinoff and US listing of its int’l business?
Jollibee Foods Corporation plans to create a standalone international business, Jollibee Foods Corporation International (JFCI), aiming for a US stock exchange listing by late 2027.
JFCI will encompass all Jollibee operations and businesses outside the Philippines, which ended September 2025 with 6,859 stores abroad.
The Philippine business will remain listed on the Philippine Stock Exchange.
Existing shareholders are set to receive shares in JFCI, subject to taxes and regulatory approvals.
The company has hired international and local advisers to work on the spinoff and potential US listing.
The transaction is targeted for completion in late 2027, pending market conditions and regulatory approvals.
Following the announcement, Jollibee's stock jumped the most in over five years, rising as much as 11.56%.
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