initial public offerings (IPOs) trading on American exchanges

Tuesday, November 1, 2016

Yum China (YUMC) began trading on the NYSE on 25 October 2016

  • The Louisville, KY-based restaurant company, which operates quick-serve names like KFC, Pizza Hut and Taco Bell, span off its Yum China division.

2 weeks later:

Yum China Holdings, Inc. operates as a restaurant company in China. As of November 1, 2016, the company had 7,300 restaurants in approximately 1,100 cities. It holds exclusive right to operate and sub-license the KFC, Pizza Hut, and Taco Bell brands in China, as well as owns the East Dawning and Little Sheep concepts. The company was incorporated in 2016 and is headquartered in Shanghai, China.

Milestones in China
  • 1987 – KFC opens its first China location in Beijing
  • 1990 – Pizza Hut opens its first China location in Beijing
  • 2001 – Pizza Hut Home Service launches in Shanghai
  • 2004 – KFC opens its 1,000th restaurant in China
  • 2005 – First East Dawning restaurant opens in Shanghai
  • 2012 – Yum! Brands acquires Little Sheep
  • 2013 – Pizza Hut Casual Dining opens its 1,000th restaurant in China
  • 2015 – KFC opens its 5,000th restaurant in China
  • 2016 – Separated from Yum! Brands and became an independent company, listed on the New York Stock Exchange

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