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Yum China Files for $2 Billion Hong Kong Listing

  • KFC, Pizza Hut operator filed confidentially in recent weeks
  • Joins U.S.-listed Chinese companies seeking funds in Hong Kong
KFC Aims to Keep Its China Edge With AI Menu, Robot Ice Cream Maker
Photographer: Qilai Shen/Bloomberg

Yum China Holding Inc. has filed confidentially for a Hong Kong listing that could raise about $2 billion, according to people familiar with the matter, joining other U.S.-traded Chinese companies seeking share sales in the financial hub.

The restaurant operator running outlets of U.S. brands including KFC, Pizza Hut and Taco Bell in China submitted a stock listing application to the Hong Kong exchange in recent weeks, the people said, asking not to be identified because the information is not public. The New York-listed company has been working with China International Capital Corp. and Goldman Sachs Group Inc. on preparations for the share sale, Bloomberg News reported in January.