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.
