Jollibee weighs Hong Kong IPO for overseas unit over US plan

Jollibee Foods is considering listing its international business in Hong Kong instead of the United States, revisiting a spinoff plan it set out in January. The Philippine fast-food group is working with advisers and could aim to complete the deal by the end of next year, according to people familiar with the matter cited by Bloomberg. The review is preliminary and the plan could still change. Jollibee had previously framed a US listing for its overseas arm as a way to sharpen focus between its domestic and international operations. The company has expanded aggressively abroad, with more than 270 Jollibee-branded stores outside the Philippines, including in the US, Canada, Singapore, the Middle East and Europe.