(Hong Kong Comprehensive News) The logistics company Ji Rabbit Express supported by China Science and Technology Giant Tencent has launched the first public offering (IPO) procedure in Hong Kong. It is planned to raise 3.92 billion Hong Kong dollars (S $ 686 million). It is expected to become Hong Kong this year.Two IPOs.
According to Bloomberg News, JT Global Express (JT Global Express) will open a prospectus on Monday (October 16), and is planned to be listed on the main board of the Hong Kong Stock Exchange on October 27.
Before that, SF Holdings and Alibaba's rookies also submitted a listing application to the Hong Kong Stock Exchange in the past two months.
In the context of nearly 80 % of the Hong Kong new shares issued by nearly 80 % compared with the same period last year, Jimu Express will test the interests of investors.Bloomberg said that nine cornerstone investors such as Tencent Holdings, SF Express, and Temasek have promised to purchase very rabbit express shares worth about $ 200 million (S $ 274 million).
Public information shows that Jimu Express was established in Indonesia in 2015 and has expanded overseas since 2018. Currently, it provides express delivery services in 13 countries, including Singapore, China, Saudi Arabia, UAE, Brazil and Egypt.
According to the Securities Times, Jimu Express ’s operating income in the first half of this year reached US $ 4.03 billion. According to the 2022 package volume, it was the number one courier operator in Southeast Asia with a market share of 22.5%.
