Philippines – Jollibee Foods Corporation (JFC) said its evaluation of options for the international business listing remains ongoing, as it responded to reports suggesting a possible change in IPO destination from the United States to Hong Kong.
In a correspondence to The Philippine Stock Exchange, Inc. dated June 8, 2026, JFC reiterated its intention to pursue a separation of its international business and a potential listing on a U.S. securities exchange, subject to prevailing market conditions, regulatory approvals, and other relevant considerations, as previously disclosed in its January 5, 2026 press release.
The company said it continues to assess various strategic options for the planned listing.
“The Company affirms its commitment to transparency and shall duly disclose any material developments in accordance with the applicable rules and regulations of the Exchange and the Securities and Exchange Commission,” JFC wrote.
Earlier this year, JFC announced plans to create a standalone international business, with the intention of listing the new entity on a United States securities exchange, while its Philippine operations would remain listed on the Philippine Stock Exchange.
Under the proposed structure, JFC would separate its domestic and international operations into two companies. The existing Philippine business would continue under Jollibee Foods Corporation, while a new entity, Jollibee Foods Corporation International (JFCI), would house all operations outside the Philippines.
JFC said existing shareholders would own shares in both entities, subject to regulatory approvals and taxes, allowing them to hold or sell shares in each company independently.
