Yum China will start trading today as a separate company under the symbol “YUMC” on the New York Stock Exchange, after the board of Yum! HKEX: 9987. Yum China, the US-listed Chinese operator for KFC, Pizza Hut and Taco Bell, is reportedly exploring a secondary offering in Hong Kong. Yum China Holdings, Inc. (Chinese: 百胜中国; pinyin: Bǎishèng Zhōngguó) is an American Fortune 500 fast-food restaurant company incorporated in the United States with operational headquarters in Shanghai, China. Create one. The remainder will go toward working capital and general corporate purposes. NYSE: YUMC. Get the latest Yum China Holdings, Inc. (YUMC) stock news and headlines to help you in your trading and investing decisions. Yum China's early ventures into Chinese food, however, have been less successful. Learn More. Stock Information. The Company had 10,150 restaurants in over 1,400 cities at the end of September 2020 . Caixin China Biz Roundup: Tech Titans Slammed for ‘Algorithmic Bullying’, Gallery: Quarantine Center Under Construction in Covid-Hit City, Chinese SOEs May Speed Up Delisting U.S. Shares Amid Trump’s Crackdown, Sources Say, China Removes Limits on Credit Card Interest Rates, Cover Story: Why China Faces Handicaps in Antitrust War With Tech Titans, In Depth: China Applies Closer Scrutiny to Sprawling Tech Acquisitions. Like most of them, the firm, spun off from its US parent Yum! Contact editor Joshua Dummer (joshuadummer@caixin.com). YUM CHINA HOLDINGS AKTIE (ISIN: US98850P1093): Realtime-Kurs der Yum China Holdings Aktie, Dividenden-Rendite und Termine, aktuelle Nachrichten ⇒ Die nächsten Kursziele. The company, China’s largest restaurant operator, plans to sell 41.91 million shares in the offering, it said Friday in a U.S. regulatory filing. The institutional portion of the IPO was 60 times oversubscribed and the smaller retail portion was overbooked by more than 1,100 times. Yum China is filling out the ranks of its advisers on a Hong Kong secondary listing; Growth and innovation in the fast-food operator's digital offering is key to attracting new investors NYSE; HKEX; NYSE: YUMC. All rights reserved. Copyright © 2019 Caixin Global Limited. Yum China to Report Q4 and Fiscal Year 2020 Earnings. Change: • Volume: Delayed data as of . The company’s stock will continue to be listed on the New York Stock Exchange, with Hong Kong a secondary listing. The announcement follows JD.com and NetEase, which raised $4 billion and $3 billion respectively in the city state in June. Why It Matters: The company operates franchises like KFC, Pizza Hut, and Taco Bell, and has a strong presence in China with over 10,000 restaurants across 1,400 cities. The company launched Chinese fast-food concept East Dawning in 2004 and acquired hotpot franchise Little Sheep in 2012. China’s largest restaurant operator, Yum China Holdings Inc., is riding high investor demand in Hong Kong with the retail portion of its debut oversubscribed dozens of times, one day before the New York-listed firm’s secondary IPO. Yum China also partners with Lavazza to explore and develop the Lavazza coffee shop concept in China. Yum China Holdings, Inc. (NYSE:YUMC)’s share price reached a new 52-week high on Monday . Yum China Holdings Aktie im Überblick: Realtimekurs, Chart, Fundamentaldaten, sowie aktuelle Nachrichten und Meinungen. On a year-to-date basis, YUMC has generated over 8.2%. The company reported a sputtering recovery from the effects of the coronavirus pandemic, with sales improving in April and May but weakening again in June, according to its latest earnings. Yum China Headed for $2.2 for Secondary Listing in HK. Separately, Credit Suisse Group started coverage on shares of Yum China in a research […] E-commerce giant Alibaba raised $13 billion in November last year. Nachrichten zur Aktie Yum China Holdings Inc | A2ARTP | YUMC | US98850P1093 Brands, Inc. (or Yum! Download our app to receive breaking news alerts and read the news on the go. Yum China, which operates KFC, ... shares in Hong Kong and Shanghai in an initial public offering that could raise $30bn, making it the world’s largest IPO. It has grown 1.13 times since … It said comparable sales in the second quarter fell 11% from the previous year and it expects them to remain under pressure in the third quarter. The company plans to use about 45% of the proceeds to expand its restaurant network, according to the filing. Yum China Holdings, the parent of the Pizza Hut, KFC and other restaurant chains in Mainland China, has confirmed it will list on the Hong Kong stock exchange, raising up to US$2.5 billion. Burger King, Wendy's Seek Bigger Slices Of The Indian Fast-Food Pie: Report, Stocks That Hit 52-Week Highs On Thursday, Stocks That Hit 52-Week Highs On Wednesday, Privacy Policy / Do Not Sell My Personal Data. Posted-In: Fast food stocks Hong Kong restaurant chains US China RelationsNews IPOs Global Markets, Thank you for subscribing! The American investment management company Invesco Ltd. controls 10.8% of Yum China, and Blackrock Inc. owns 7.2%. Yum China is one of 251 mainland firms with a primary listing in the United States. The company has set the price at HK$412 ($53) per share, putting it on course to raise at least HK$17 billion after expenses. The stock had previously closed at $59.87. Price Movement:  After a 1.64% gain during trading hours on Wednesday, YUMC added another 0.73% in the after-market trading hours at $53.59 in New York. The company reported a sputtering recovery from the effects of the coronavirus pandemic, with sales improving in April and May but weakening again in June, according to its latest earnings. Yum China said: “As a matter of policy, we do not comment on rumours or market speculation regarding these sorts of matters.” Get alerts on IPOs when a new story is published Get alerts But that could climb as high as HK$19.57 billion if the bookrunners exercise an overallocation option, releasing an extra 6 million shares to meet market demand, the company said. Forward-Looking Statements . ”近日再度有新股ipo,不少大型新股新都加快上市步伐!集資逾196億港元的內地連鎖餐飲集團百勝中國(09987)今日起(1日)招股,預期於下周四掛牌,繼京東(09618.hk)及網易(09999.hk)後,今年第三間在港第二上市企業。百勝中國是老牌餐飲公司,是次來港上市聲勢浩大。 China’s largest restaurant operator, Yum China Holdings Inc., is riding high investor demand in Hong Kong with the retail portion of its debut oversubscribed dozens of times, one day before the New York-listed firm’s secondary IPO. YUM CHINA AKTIE und aktueller Aktienkurs. Yum China Holdings Inc. is seeking to raise as much as HK$19.6 billion ($2.5 billion) from a second listing in Hong Kong, adding to the list of mega stock offerings in the Asian financial hub. YUMC | Complete Yum China Holdings Inc. stock news by MarketWatch. The firm’s New York shares have closed down for four consecutive days, falling 10.24% to $52.32 from a record high on Sept. 1. Learn More. ), formerly Tricon Global Restaurants, Inc., is an American fast food corporation listed on the Fortune 1000.Yum! Fast food franchise operator Yum China Holdings is cooking a multi-billion-dollar secondary offering in Hong Kong. Don't have a Benzinga account? Fast food restaurant company Yum China Holdings Inc (NYSE: YUMC) trading debut on Tuesday began on a low key when the stock slipped 4.76% lower. Dec 14 2020 Q3 Earnings. Yum China is set to raise $2.22 billion in its secondary Hong Kong listing after indicating that its shares would be priced at HK$412 each, according to two sources with direct knowledge of the matter. Yum China operates 10,000 restaurants in over 1,400 cities across China, according to its website. In 2019, Alibaba Group Holdings (NYSE: BABA) raised an impressive $13 billion from its Hong Kong IPO issue, according to Reuters. Oct 28 2020 Date of Board Resolution in relation to Possible Quarterly Dividend. What Happened: Yum China generated $2.2 billion in its initial public offering by issuing 41.9 million shares in Hong Kong at approximately $53.16, according to Bloomberg. © 2021 Benzinga.com. Yum China also owns the Little Sheep, Huang Ji Huang, East Dawning and COFFii & JOY concepts outright. A daily collection of all things fintech, interesting developments and market updates. The trend is expected to continue if relations between the two largest economies remain frosty. All Rights Reserved. (Bloomberg) — Yum China Holdings Inc. is seeking to raise as much as HK$19.6 billion ($2.5 billion) from a secondary listing in Hong Kong, adding to the list of mega stock offerings in the Asian financial hub. Some other Chinese companies that recently opted for a second listing in Hong Kong include e-commerce company JD.Com Inc (NASDAQ: JD) and NetEase Inc (NASDAQ: NTES). Find the latest press releases from Yum China Holdings, Inc. Common Stock (YUMC) at Nasdaq.com. The Company had 9,954 restaurants in over 1,400 cities and towns at the end of June 2020. Yum China has been trading on the NYSE since Oct. 2016. Another 45% will be earmarked for spending on technology, supply chains and product development, as well as investment in “high-quality assets” and brands that can bring growth opportunities, it said. Yum China has been trading on the NYSE since Oct. 2016. If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com. Both these companies collectively raised over $7 billion in their IPOs in the Chinese special administrative region. Yum China will be the fourth U.S.-listed Chinese firm to make a secondary share offering in Hong Kong since 2018. The company traded as high as $61.16 and last traded at $59.90, with a volume of 8881 shares traded. It follows e-commerce superstars Alibaba Group Holding Ltd. and JD.com Inc., and internet giant NetEase Inc. Fast food restaurant franchiser Yum China Holdings is in the process of mandating banks for a secondary listing in Hong Kong, according to sources familiar with the matter. Yum China operates 10,000 restaurants in more than 1,400 cities across China, according to its website. Brands in 2016, is a curious tangle of features. 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