Day: September 4, 2020

KFC, Pizza Hut Chinese Parent Raises $2.2B In Hong Kong IPO: Report

Yum China Holdings Inc (NYSE: YUMC) raised $2.2 billion in its secondary listing in Hong Kong at $53.16 (HKD 412) per share, Bloomberg reported Thursday. What Happened: The operator of fast food brands such as KFC and Pizza Hut in China sold 41.91 million shares in its Hong Kong offering, people familiar with the matter