Minor International is considering listing its restaurant business, Minor Food Group, in Singapore rather than Hong Kong, sources said June 11, 2026 [1, 2, 3, 4]. Financial advisers are assisting with planning the initial public offering (IPO) [1, 2, 3, 4].
Minor Food Group operates well-known brands such as Burger King, Dairy Queen, and The Pizza Company [1, 2, 3, 4]. The company runs approximately 2,700 outlets across 24 countries and was founded in 1980 [2, 3, 4].
Hong Kong was previously considered as the IPO venue earlier in 2026, but the group is now reportedly favoring Singapore due to stronger investor interest [2, 3, 4]. While Hong Kong's IPO market raised over US$22 billion so far this year, Singapore's market has totaled US$912 million in 2026 [2, 3, 4]. The Straits Times Index in Singapore has climbed about 7% this year, outperforming Hong Kong's Hang Seng Index which fell roughly 5% in the same period [2, 3, 4].
An IPO in either location could raise more than US$400 million for Minor Food Group [2, 3, 4]. Deliberations over the final listing venue are ongoing, with no decision yet confirmed [1, 2, 3, 4]. Minor International has declined to comment on the matter [2, 3, 4].
The company continues to weigh its options with advisers as it plans the IPO in Singapore amid strong market conditions there.
