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Highlights
- Kuala Lumpur-based QSR Brands (M) Holdings Bhd. is reportedly looking for an initial public offering (IPO).
- If the IPO happens, this wouldn't be QSR's first stint at the stock market.
- As the IPO frenzy continues worldwide, QSR Brands is expected to soon hit the Malaysian stock market.
QSR Brands (M) Holdings Bhd., the franchisor of KFC and Pizza Hut food joints in Southeast Asia, is reportedly looking for a public debut in the Malaysian stock markets.
After a failed attempt to list its shares in 2019, the Kuala Lumpur-based company is said to be reviving its public debut plans. Reports say the enterprise has asked banks to start the process for an initial public offering.
QSR Brands could be looking for a valuation of around 6 billion Malaysian ringgit, which will roughly translate into US$ 1.4 billion.
Private equity firm CVC Capital Partners is said to back the restaurant operator.
QSR could opt for an initial public offering (IPO) since rivals MR D.I.Y. Group (M) Bhd. and Ctos Digital Bhd. received a positive response when their shares went up for sale for the first time on public markets.
Year 2021 has been a prominent one for IPOs around the world, and Malaysia is not behind in the public debut frenzy. Reports suggest that since the beginning of this year, Malaysia has recorded IPOs worth US$ 411 million, an increase of US$ 340 million in the same comparable period from last year.
QSR's previous stock market stint
If the IPO happens, this wouldn't be QSR Brand's first stint at the stock market.
The leading fast-food restaurant operator's shares were delisted in 2013. Since then, the company has been planning to make a comeback.
Also Read: Nubank eyes $2B IPO: How to buy the fintech giant’s stock?
QSR Brand's controlling shareholder, Johor Corp, is reportedly in touch with Maybank Investment Bank and RHB Investment Bank to become the underwriters for the IPO.
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How to buy QSR stock?
If you are a Canadian investor and you are interested in exploring the stocks or pre-IPO shares of companies outside Canada, such as QSR Brands, you can choose to set up an account with a brokerage company. This can help you access international shares. You can also consult a stockbroker with an international share trading platform.
As several companies offer their services to help trade in international stocks, it is advisable to check and compare the commission fees and the firm’s credibility before making any decision.
Also Read: 2 TSX stocks to buy & hold for 20 years
Bottomline
Companies engaged in the fast-food business are expected to improve in terms of performance as the economies continue to open up.
The global fast-food market is expected to register a compound annual growth rate of about 4.6 per cent and reach a value of US$ 931.7 billion in the period between 2020 to 2027, according to an Allied Market Research Report.
