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Burger King's $1 Billion China Franchisee Considers Hong Kong IPO

  • Deal could include over 1,000 Burger King outlets in China
  • TAB Food earlier scrapped U.S. listing of its global business
An advertisement for Burger King stands in the Zhujiang New Town district of Guangzhou.

An advertisement for Burger King stands in the Zhujiang New Town district of Guangzhou.

Photographer: Brent Lewin/Bloomberg

Burger King’s China franchisee is weighing a Hong Kong initial public offering after earlier scrapping plans for a U.S. share sale, people with knowledge of the matter said.

TAB Food Investments is considering a listing of the Chinese business, which runs more than 1,000 Burger King outlets in the country, as soon as early next year, according to the people. It could seek a valuation of about $1 billion for the operations, one of the people said, asking not to be identified because the information is private.