Malaysian KFC, Pizza Hut operator QSR Brands revives IPO plan
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Southeast Asian KFC and Pizza Hut operator QSR Brands is seeking to reboot its IPO in the fourth financial quarter this year.
The firm was previously in talks to sell its Malaysia shares, but has since backtracked on the plan and returned to its initial IPO agenda, with its financial performance over the next two quarters crucial to the timing. The firm potentially stands to raise US$600 million in listing.
QSR Brand’s MD Mohamed Azahari Kamil told Bloomberg the firm will make the necessary announcement at the appropriate time without further comment.
The company has been assessing investor demand since March.
Questions & Answers
Q.What is the reason for QSR Brands revisiting its IPO plan?
What is the reason for QSR Brands revisiting its IPO plan?
The firm was previously considering selling its shares in Malaysia but has reversed this decision. It has now returned to its original IPO agenda, with financial performance being key to timing.
Q.When is QSR Brands hoping to launch its IPO?
When is QSR Brands hoping to launch its IPO?
The company is aiming to reboot its IPO in the fourth financial quarter of this year. The exact timing will depend on its financial performance over the next two quarters.
Q.How much money does QSR Brands hope to raise from its IPO?
How much money does QSR Brands hope to raise from its IPO?
The firm potentially stands to raise US$600 million through the listing. They have been assessing investor demand for this potential listing since March.
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