JFC’s coffee biz revives IPO plan

After years of delay, Jollibee Foods Corporation is now more upbeat about the prospects for an initial public offering of its highly profit-able and rapidly expanding Highlands Coffee business which is the dominant coffee chain in Vietnam.

- By JAMES A. LOYOLA

In an online media brief-ing, Jollibee Chief Financial Officer Richard Shin said “the numberic says it can go IPO but we don’t want to just go IPO for the sake of IPO. When we take this to a capital market opportunity to create value for shareholders, we want to be very thoughtful and think about the best way we can move forward.”