Jollibee weighs 2027 Vietnam IPO for Highlands Coffee

The company said details remain preliminary and may be subject to change.

Jollibee Foods Corporation (JFC) announced that the board of its subsidiary, Highlands Coffee, is considering plans for an initial public offering (IPO).

The company is looking at a standalone IPO and listing in Vietnam, which would make Highlands Coffee a publicly traded firm.

JFC said the potential listing is aimed at supporting the chain’s next stage of expansion by giving it direct access to capital markets, raising its public profile, and allowing it to sharpen its strategic and operational focus in Vietnam and other Southeast Asian markets.

Highlands Coffee has engaged international and local advisors and has begun working on the proposed structure, timeline, and process for the offering.

The company is targeting completion by the first quarter of 2027.

The plan will depend on market conditions and is subject to due diligence, internal restructuring, and regulatory approvals in the relevant jurisdictions.

JFC said details remain preliminary and may change.

There is no guarantee the IPO will proceed or on what terms.

The announcement does not constitute an offer to sell or solicit an offer to buy securities.

Further disclosures will be made as required.