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Benzinga

Business

Shivani Kumaresan

Domino's Pizza China Operator Eyes Hong Kong Listing: CNBC

CNBC DPC China DPZ Hong Kong Bank of America Securities NYSE Wikimedia

Domino’s Pizza Inc’s (NYSE:DPZ) store operator in China, DPC Dash, is planning to go public on the Hong Kong stock exchange, CNBC reported.
Domino’s Pizza has a 15.7% stake in DPC as of the filing date through wholly-owned entities, the report added.
Bank of America Securities is the sole sponsor of the listing, the report cited the application.
DPC has 485 directly operated stores in mainland China, with plans to open 120 new stores in 2022.
Price Action: DPZ shares closed higher by 1.10% at $399.07 on Monday.
Photo via Wikimedia

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