The popularity among Hong Kong investors of Chinese bottled water maker Nongfu Spring Co. Ltd., which raised HK$8.5 billion on its debut yesterday with shares closing up 54%, was magnified by the scarcity of shares on offer — around 3.5% of Nongfu’s total stock. Separately, Credit Suisse Group started coverage on shares of Yum China in a research […] 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. The company’s stock will continue to be listed on the New York Stock Exchange, with Hong Kong a secondary listing. YUMC | Complete Yum China Holdings Inc. stock news by MarketWatch. Create one. 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. operates the brands KFC, Pizza Hut, Taco Bell, The Habit Burger Grill, and WingStreet worldwide, except in China, where the brands are operated by a separate company, Yum China.Prior to 2011, Yum! The trend is expected to continue if relations between the two largest economies remain frosty. 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. It follows e-commerce superstars Alibaba Group Holding Ltd. and JD.com Inc., and internet giant NetEase Inc. With US$6.8 billion of revenue in 2016 and over 7,600 restaurants, it is one of the largest restaurant companies in China.It was spun off from Yum! The institutional portion of the IPO was 60 times oversubscribed and the smaller retail portion was overbooked by more than 1,100 times. On a year-to-date basis, YUMC has generated over 8.2%. Everything you need to know about the market - quick & easy. The Company had 9,954 restaurants in over 1,400 cities and towns at the end of June 2020. 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 also owned Long John Silver's and A&W Restaurants. 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. View real-time stock prices and stock quotes for a full financial overview. Yum China also partners with Lavazza to explore and develop the Lavazza coffee shop concept in China. Yum China will be the fourth U.S.-listed Chinese firm to make a secondary share offering in Hong Kong since 2018, when the bourse amended its rules to allow the practice. The company launched Chinese fast-food concept East Dawning in 2004 and acquired hotpot franchise Little Sheep in 2012. 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. Yum China also partners with Lavazza to explore and develop the Lavazza coffee shop concept in China. Don't have a Benzinga account? YUM CHINA AKTIE und aktueller Aktienkurs. Dec 14 2020 Q3 Earnings. 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. Benzinga does not provide investment advice. Yum China operates 10,000 restaurants in more than 1,400 cities across China, according to its website. 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. Yum China has been trading on the NYSE since Oct. 2016. 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). The American investment management company Invesco Ltd. controls 10.8% of Yum China, and Blackrock Inc. owns 7.2%. 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. (NYSE:YUMC)’s share price reached a new 52-week high on Monday . Yum China operates 10,000 restaurants in over 1,400 cities across China, according to its website. NYSE: YUMC. Forward-Looking Statements . Copyright © 2019 Caixin Global Limited. Learn More. Brands in 2016, is a curious tangle of features. It has grown 1.13 times since … Find the latest press releases from Yum China Holdings, Inc. Common Stock (YUMC) at Nasdaq.com. Prices shown in USD. A daily collection of all things fintech, interesting developments and market updates. The stock had previously closed at $59.87. 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. ”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。 Oct 16 2020 View All News. Nachrichten zur Aktie Yum China Holdings Inc | A2ARTP | YUMC | US98850P1093 HKEX: 9987. Yum China, which operates fast food restaurants KFC, Taco Bell and Pizza Hut in China, raised $2.22 billion by selling 41.9 million shares at 412 Hong Kong dollars ($53.16) apiece. But these restaurants, along with coffee chain COFFii & Joy and its delivery units, ran into an operating loss of $14 million in 2019, widening from a loss of $12 million a year ago. 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. All Rights Reserved. In response, Yum China has decided to allocate more shares to retail investors, cutting the share for their institutional counterparts by 12.5 percentage points to 83.5% and leaving the remainder for smaller investors. Yum China Guides Hong Kong Listing Price at $53 a Share, Participation of Indian Prime Minister Narendra Modi in the 5th Eastern Economic Forum Discussed in Moscow, Get exposure for your startup at RISE 2020, CreditEase’s Tang Ning: China’s Wealth Management Market is Undergoing Five Major Shifts, Meet 5 of the best startups selected to represent China at the largest technology event in Asia. Yum China is one of 251 mainland firms with a primary listing in the United States. YUM CHINA HOLDINGS AKTIE (ISIN: US98850P1093): Realtime-Kurs der Yum China Holdings Aktie, Dividenden-Rendite und Termine, aktuelle Nachrichten ⇒ Die nächsten Kursziele. 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 Learn More. Yum! The announcement follows JD.com and NetEase, which raised $4 billion and $3 billion respectively in the city state in June. Yum China to Report Q4 and Fiscal Year 2020 Earnings. The company traded as high as $61.16 and last traded at $59.90, with a volume of 8881 shares traded. E-commerce giant Alibaba raised $13 billion in November last year. 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. HKEX: 9987. 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. Yum China said it earned $132 million, or 34 cents a share, in the quarter, compared with $178 million, or 46 cents a share, in the prior-year quarter. 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. 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. Brands, Inc. (or Yum! All rights reserved. Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. The remainder will go toward working capital and general corporate purposes. Prices shown in HKD. The company plans to use about 45% of the proceeds to expand its restaurant network, according to the filing. Both these companies collectively raised over $7 billion in their IPOs in the Chinese special administrative region. Yum China also owns the Little Sheep, Huang Ji Huang, East Dawning and COFFii & JOY concepts outright. On a year-to-date basis, YUMC has generated over 8.2%. If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com. The mainland operator of KFC, Pizza Hut and Taco Bell saw its retail offering overbooked by a factor of 51, while the portion set aside for institutional investors was 7.7 times oversubscribed, according to a company statement Wednesday. Stock Information. 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 has been trading on the NYSE since Oct. 2016. (Bloomberg) — Yum China Holdings Inc. is seeking to raise as much as HK$19.6 billion ($2.5 billion) from a secondary listing in Hong Kong, adding to the list of mega stock offerings in the Asian financial hub. Why It Matters: The company operates franchises like KFC, Pizza Hut, and Taco Bell, and has a strong presence in China with over 10,000 restaurants across 1,400 cities. The homecoming listing in Hong Kong came against the backdrop of the United States government's threat to delist Chinese companies from the country's exchanges. © 2021 Benzinga.com. Get the latest Yum China Holdings, Inc. (YUMC) stock news and headlines to help you in your trading and investing decisions. Yum China also owns the China-specific brands of Little Sheep, Huang Ji Huang, East Dawning, and COFFii & JOY. China’s largest restaurant operator, Yum China Holdings Inc., is riding high investor demand in Hong Kong with the retail portion of its debut oversubscribed dozens of times, one day before the New York-listed firm’s secondary IPO. Yum China will be the fourth U.S.-listed Chinese firm to make a secondary share offering in Hong Kong since 2018. Contact editor Joshua Dummer (joshuadummer@caixin.com). Yum China will start trading today as a separate company under the symbol “YUMC” on the New York Stock Exchange, after the board of Yum! ), formerly Tricon Global Restaurants, Inc., is an American fast food corporation listed on the Fortune 1000.Yum! Listed under the ticker “9987” on the Hong Kong Exchange, Yum China's stock closed the first day of trading 3.7% lower at HKD 396.60 ($ 51.17). Change: • Volume: Delayed data as of . Download our app to receive breaking news alerts and read the news on the go. Yum China Holdings Aktie im Überblick: Realtimekurs, Chart, Fundamentaldaten, sowie aktuelle Nachrichten und Meinungen. NYSE; HKEX; NYSE: YUMC. 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 Headed for $2.2 for Secondary Listing in HK. Yum China's early ventures into Chinese food, however, have been less successful. 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. It has grown 1.13 times since its inception on the U.S. exchange. 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. By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. In 2019, Alibaba Group Holdings (NYSE: BABA) raised an impressive $13 billion from its Hong Kong IPO issue, according to Reuters. The Company had 10,150 restaurants in over 1,400 cities at the end of September 2020 . Like most of them, the firm, spun off from its US parent Yum! While its shares trade in New York, its customers, owners and, increasingly, its … Learn More. Posted-In: Fast food stocks Hong Kong restaurant chains US China RelationsNews IPOs Global Markets, Thank you for subscribing! 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. 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. Oct 28 2020 Date of Board Resolution in relation to Possible Quarterly Dividend. Fast food franchise operator Yum China Holdings is cooking a multi-billion-dollar secondary offering in Hong Kong. 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. News alerts and read the news on the new York stock Exchange with. Volume: Delayed data as of retail portion was overbooked by more than 1,100.! In 2016, is an American fast food franchise operator yum China partners... Formerly Tricon Global restaurants, Inc. ( NYSE: YUMC ) stock news by MarketWatch 8.2! Resolution in relation to Possible Quarterly Dividend the Chinese special administrative region it follows e-commerce superstars Alibaba Holding! Listed on the new York stock Exchange, with Hong Kong since 2018 your and!, spun off from its US parent yum JD.com Inc., and Blackrock Inc. owns 7.2 %, and &. 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