NVIDIA, Microsoft, and Amazon Eye Massive OpenAI Investment Amid $100B Funding Push 
South Korea Industry Minister Heads to Washington Amid U.S. Tariff Hike Concerns 
Office design isn’t keeping up with post-COVID work styles - here’s what workers really want 
Sandisk Stock Soars After Blowout Earnings and AI-Driven Outlook 
AI is driving down the price of knowledge – universities have to rethink what they offer 
SpaceX Seeks FCC Approval for Massive Solar-Powered Satellite Network to Support AI Data Centers 
Boeing Secures New Labor Contract With Former Spirit AeroSystems Employees 
Can your cat recognise you by scent? New study shows it’s likely 
Chinalco and Rio Tinto Acquire Controlling Stake in Brazil’s CBA for $903 Million 
Bob Iger Plans Early Exit as Disney Board Prepares CEO Succession Vote 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
Yes, government influences wages – but not just in the way you might think 
Using the Economic Calendar to Reduce Surprise Driven Losses in Forex 
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says 
Wall Street Slips as Tech Stocks Slide on AI Spending Fears and Earnings Concerns 
The parent company of Burger King in Spain and Portugal, Restaurant Brands Iberia, is reportedly setting its sights on a $2.7 billion Initial Public Offering (IPO) in 2024. Alongside Burger King, the company also operates the Tim Hortons coffee chain and Popeyes in these regions.
Restaurant Brands Iberia owns Burger King restaurants in Spain and Portugal. It also operates the Tim Hortons coffee chain and Popeyes in the said regions. It is now seeking a valuation of $2.7 billion as it prepares for an IPO next year.
According to The Portugal News, Restaurant Brands Iberia aims to list the company on the Spanish stock exchange within the second half of 2024. It was reported that this plan started in 2019 and has only been resumed this year.
The Burger King operator in Spain and Portugal hired Morgan Stanley and Bank of America to restart the process for its IPO plans. It was learned that the initial plan was halted due to the pandemic outbreak in March 2020.
"We will push forward the plan for the group to go public in the second half of 2024," Restaurant Brands Iberia's president, Gregorio Jiménez, told a local publication regarding its IPO plans. "The roadmap has already been defined, even though there are no advisors hired for the time being."
Restaurant Brand Iberia's president said, "Although it is still early to give a concrete number, the intention is to take more than 50% of the company's capital to the stock exchange."
Meanwhile, World Coffee Portal reported that the Madrid-headquartered restaurant company is pursuing a €2.4 billion or about $2.7 billion valuation to go public. Jimenez started running the Burger King stores as a licensee in Spain in 1981 through his former company called Quickmeals. After securing a master franchise deal for Tim Hortons, he created Restaurant Brands Iberia in 2017, also managing Burger King and Popeyes in Spain and Portugal today.
Photo by: Marquise de Photographie/Unsplash
