Core Insights - Jollibee Foods Corp. is preparing to spin off its international division, which will operate as a separate entity and aims to debut on the U.S. stock exchange [1] - The announcement of a future initial public offering (IPO) for Jollibee follows the launch of its U.S. franchise program in March 2023, with the first franchise opening in Queens, New York, in August 2023 [2] - Jollibee has expanded its presence in the U.S. since its debut in 1998, currently operating 75 units and ranking as the fourth-largest international chain in the U.S., with reported sales growth of 16% and unit growth of 7% in 2024 [3]