China Technology Giant Tencent, a Rabbit Express Delivery Global Co., Ltd. is planned to be listed in Hong Kong, and is expected to raise more than 3.9 billion Hong Kong dollars.
According to the Dow Jones News Agency on Monday (October 16), JT Global Express is the latest logistics service related company that seek to be listed in Hong Kong.The company plans to openly issue 3.92 billion Hong Kong dollars in Hong Kong (the same, about S $ 686 million) shares in Hong Kong.
Jimu Express disclosed on Monday that the company plans to sell 326.55 million shares at a price of 12 Hong Kong dollars per share in the first public offering (IPO).
Before that, Cainiao Network Technology Co., Ltd., a subsidiary of Alibaba Group, had submitted a listing application to the Hong Kong Stock Exchange last month.
Extreme Rabbit Express was delivered in 2015 in Indonesia. Currently, it provides express delivery services in 13 countries, including Southeast Asian countries, as well as Saudi Arabia, UAE, Mexico, Brazil and Egypt.
As of June this year, the six -month revenue of Ji Rabbit Express was US $ 4.03 billion (about S $ 5.52 billion), an increase of 18.5%year -on -year.
In addition to Tencent, investors in the first public offering of Ji Rabbit Express also include T -quoia Capital (Sequoia Capital) and Singapore sovereign wealth fund Temctoma.
Extreme Rabbit Express is expected to start trading on the Hong Kong Stock Exchange on October 27 this year.The company plans to use the IPO fundraising funds to broaden the logistics network, open up new markets and research and development.
Morgan Stanley, Bank of America Securities and CICC as the joint sponsor of the IPO.
