SINGAPORE -- The founder of the Philippine fast-food giant Jollibee, Tony Tan, is throwing his full weight behind the initial public offering of a hotel brand on New York's Nasdaq via a merger with a special purpose acquisition company (SPAC) despite the shaky record of the listing vehicle.
IPO
Jollibee founder Tony Tan backs hotel SPAC deal despite lull in IPOs
Philippine fast-food king plans to disrupt hospitality sector with Hotel101
Jollibee founder Tony Tan is part-owner of the Philippine real estate company DoubleDragon, which fully owns the hospitality brand Hotel101. (Nikkei montage/Source photos by Getty Images and Hotel 101)
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