Jollibee Foods Corp. Plans US Equity Offering for Overseas Expansion

Jollibee Foods Corp. is preparing to launch a U.S.-based equity issuance to raise up to $500 million, aimed at strengthening its overseas franchise development and supply chain infrastructure. The offering, expected to debut in early 2026, will be directed toward expanding its presence in North America, Europe, and the Middle East, where the brand currently operates over 350 locations. The funds will also support digital transformation initiatives and localized menu development in key markets. The decision follows a 17% year-on-year increase in international revenue during the 2025 fiscal year, driven largely by strong performance in the United States and Canada. Jollibee’s U.S. segment accounted for 28% of total international sales in 2025, up from 22% in 2023, highlighting growing consumer demand among Filipino diaspora communities and broader mainstream adoption. The company reported net income of $215 million in the 12 months ending December 2025, reflecting a 12% improvement compared to the prior year. The upcoming U.S. listing will be structured as a secondary offering on a major U.S. exchange, likely the New York Stock Exchange, with shares priced at a projected $65–$70 per unit. Analysts estimate the offering could attract institutional investors with significant exposure to Asian consumer brands and emerging markets. Jollibee’s existing share price has risen 23% over the past 18 months, reflecting investor confidence in its global strategy. Market participants note the move signifies a strategic shift toward greater financial independence from Southeast Asian capital markets. The proceeds will also be used to reduce long-term debt, with the company targeting a debt-to-equity ratio below 0.4 by the end of 2027. This capital raise is expected to unlock new rollout opportunities in high-growth urban centers, including Chicago, Toronto, and Dubai.