Yum China will sound out banks about a Hong Kong secondary offering, marking the latest in a flurry of Chinese companies listing in the city as tensions between Beijing and Washington rise.
The company, which operates KFC, Pizza Hut and Taco Bell restaurants in China, will later this week invite investment banks to pitch as advisers for the potential listing, people familiar with the matter said.
One person with knowledge of Yum China’s possible listing said it could be worth up to $2bn and that the company would listen to proposals from investment banks on Friday.
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