U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Instagram Outage Disrupts Thousands of U.S. Users 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Parents abused by their children often suffer in silence – specialist therapy is helping them find a voice 
Disaster or digital spectacle? The dangers of using floods to create social media content 
Can your cat recognise you by scent? New study shows it’s likely 
Canada’s local food system faces major roadblocks without urgent policy changes 
Debate over H-1B visas shines spotlight on US tech worker shortages 
Glastonbury is as popular than ever, but complaints about the lineup reveal its generational challenge 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
The parent company of Burger King in Spain and Portugal, Restaurant Brands Iberia, is reportedly setting its sights on a $2.7 billion Initial Public Offering (IPO) in 2024. Alongside Burger King, the company also operates the Tim Hortons coffee chain and Popeyes in these regions.
Restaurant Brands Iberia owns Burger King restaurants in Spain and Portugal. It also operates the Tim Hortons coffee chain and Popeyes in the said regions. It is now seeking a valuation of $2.7 billion as it prepares for an IPO next year.
According to The Portugal News, Restaurant Brands Iberia aims to list the company on the Spanish stock exchange within the second half of 2024. It was reported that this plan started in 2019 and has only been resumed this year.
The Burger King operator in Spain and Portugal hired Morgan Stanley and Bank of America to restart the process for its IPO plans. It was learned that the initial plan was halted due to the pandemic outbreak in March 2020.
"We will push forward the plan for the group to go public in the second half of 2024," Restaurant Brands Iberia's president, Gregorio Jiménez, told a local publication regarding its IPO plans. "The roadmap has already been defined, even though there are no advisors hired for the time being."
Restaurant Brand Iberia's president said, "Although it is still early to give a concrete number, the intention is to take more than 50% of the company's capital to the stock exchange."
Meanwhile, World Coffee Portal reported that the Madrid-headquartered restaurant company is pursuing a €2.4 billion or about $2.7 billion valuation to go public. Jimenez started running the Burger King stores as a licensee in Spain in 1981 through his former company called Quickmeals. After securing a master franchise deal for Tim Hortons, he created Restaurant Brands Iberia in 2017, also managing Burger King and Popeyes in Spain and Portugal today.
Photo by: Marquise de Photographie/Unsplash
