Jollibee Food’s Highlands Coffee evaluates Vietnam IPO
The fast-food restaurant operator expects the Vietnamese listing to be completed in the first quarter of 2027
Add BT as a preferred source
[BENGALURU] Fast-food restaurant operator Jollibee Foods Corp said on Wednesday (Mar 4) that its Vietnamese coffee chain, Highlands Coffee, was considering an initial public offering and a subsequent listing in Hanoi.
The company, which holds a 60 per cent stake in SuperFoods Group, which owns Highlands Coffee, said that the potential listing would give the coffee platform direct access to Vietnam’s growing capital market.
Highland Coffee currently operates nearly 1,000 stores in Vietnam and across South-east Asia. In early January, Jollibee had announced plans to spin off its international operations and list it as an independent company on a US securities exchange.
The US spinoff will create two independently listed businesses with distinct strategic focuses and investment profiles, as the Philippine operations will remain listed on the local bourse.
Jollibee expects the Vietnamese listing to be completed in the first quarter of 2027, while the US listing of its international operations is expected to close towards the end of that year. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
