DP Eurasia, the franchisee of the Domino's Pizza Inc. (DPZ - Get Report) brand in Turkey, Russia, Azerbaijan and Georgia, will join the London Stock Exchange in July, marking the second Domino's company to join the market.

DP Eurasia is the fifth largest master franchisee within Domino's Pizza with 571 stores. Of the five largest franchisees, four are already listed.

Domino's Pizza Group (DPUKY) , the franchise owner for the U.K. and parts of Western Europe is already listed in London.

The franchisee companies pay a share of total sales to Domino's Pizza Inc.

Domino's is one of the most successful fast food restaurants in the world, with $10.9 billion in sales in 2016 in 13,811 stores in 85 countries. It has delivered 92 consecutive quarterly like-for-like sales and its shares listed in New York have risen 1,515% since its IPO.

The offer will comprise new shares in the company and shares currently owned by shareholders Turkish Private Equity Fund II (TPEF II) and DP Eurasia CEO Aslan Saranga.

The company was bought by the private equity firm in 2010. Sales have grown 38% since 2014. TRY647.4 million ($184.5 million) in 2016, and adjusted earnings of TRY75 million in 2016.

Here comes another Domino's.
Here comes another Domino's.

The company is seeking to raise £20 million ($25.8 million). Part of the proceeds from the listing of DP Eurasia will be used to fund the opening of Domino's stores in Russia.

The listing is expected to take place on July 3 with the ticker DPEU.

"Against the backdrop of the proven international model for Domino's Pizza, Aslan has assembled a highly professional senior management team, many of whom have been with the Company for a considerable period now," DP Eurasia Peter Williams said in a statement. "Their track record speaks for itself and they should be congratulated on their achievements to date. I look forward, together with the other proposed new Board members, to helping DP Eurasia achieve its growth ambitions."

In preparation for the flotation, DP has appointed Boohoo chair and former Selfridges chief executive Williams as its new chairman.

Domino's other listings have done exceptionally well, UK-listed DPG's shares have risen an average of 57% a year since it first listed.

Australian franchisee Domino's Pizza Enterprises has risen 93% a year since 2005.

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