Jollibee plans US IPO as company prepares to spin off international division

You can find original article here Nrn. Subscribe to our free daily Nrn newsletters. Filippino quick-service company Jollibee Foods Corp. confirmed in a filing with the Philippine Stock Exchange that the company is preparing to spin off its international division. The global division will operate as a separate company with plans to eventually debut on the U.S. stock exchange, while the rest of the company will remain listed on the Philippine Stock Exchange. The news of a future initial public offering f ...