Jollibee Plans U.S. Listing for International Business, Shares Rally

Jollibee Foods Corporation (PS:JFC), the Philippines’ largest fast-food chain, announced on Tuesday that it is planning to separate its international operations and pursue a listing in the United States, a move aimed at accelerating its global expansion strategy and strengthening its overseas footprint. Following the announcement, Jollibee shares surged nearly 9% in Manila trading, closing at 199.80 pesos, reflecting strong investor confidence in the company’s long-term growth prospects.

In an official statement, Jollibee said it has already hired financial advisers to evaluate and plan the potential overseas listing. The proposed new entity, to be named Jollibee Foods Corporation International, will include all of the company’s operations outside the Philippines. This strategic restructuring is designed to unlock value from Jollibee’s fast-growing international business, which has become an increasingly important driver of revenue and earnings in recent years.

Despite the planned separation, Jollibee emphasized that it intends to retain its primary listing on the Philippine Stock Exchange. The company also noted that existing shareholders will likely receive shares in the newly formed international entity, ensuring continued participation in the group’s global growth story. This structure could appeal to both local and international investors seeking direct exposure to Jollibee’s overseas markets, particularly in North America, China, and other high-growth regions.

Jollibee currently has a presence in more than 30 countries and operates a diverse portfolio of brands beyond its flagship fried chicken chain. The company’s shares are already traded in the United States through over-the-counter markets under the ticker OTC:JBFCY, but a full U.S. listing would significantly increase visibility, liquidity, and access to global capital.

The company said it is targeting late 2027 for the completion of the planned U.S. listing, subject to market conditions and regulatory approvals. Analysts view the move as a strategic milestone that could help Jollibee compete more effectively with global fast-food giants while highlighting the value of its international operations.

As Jollibee continues to expand abroad, the proposed U.S. listing underscores its ambition to become a truly global food service leader, while offering investors new opportunities to tap into Asia’s most successful fast-food growth story.