Jollibee's Highlands Coffee eyes Vietnam IPO

MANILA, Philippines — Fast-food giant Jollibee Foods Corporation‘s subsidiary Highlands Coffee is exploring an initial public offering (IPO) in Vietnam as part of efforts to unlock shareholder value and support the brand’s next phase of growth. In a statement on Wednesday, Jollibee said the board of Highlands Coffee is evaluating a standalone IPO and listing in Vietnam, which would turn the Vietnamese coffee chain into a publicly traded company in its home market. The planned listing aims to give Highlands Coffee direct access to capital markets, raise its corporate profile and sharpen its strategic focus as it expands further in […]... Keep on reading: Jollibee's Highlands Coffee eyes Vietnam IPO