Wednesday, April 24, 2024
HomeprJ&T Express Soars on HKEX Debut

J&T Express Soars on HKEX Debut

J&T Global Express Limited ('J&T Express' or 'J&T'), a global logistics service provider, has officially debuted on the Main Board of the Hong Kong Stock Exchange today under the stock code “1519”. The Public Offer Price was HK$ 12.00 per Offer Share, with net proceeds from the Global Offering amounting to HK$ 3.528 billion (Over-Allotment Option not yet exercised). This listing in Hong Kong marks a significant step forward in J&T Express’s journey towards becoming a global leader in logistics.

J&T Express plans to utilise the funds raised from the IPO to expand its logistics network, enhance existing infrastructure, and strengthen the company’s sorting and warehousing capabilities in Southeast Asia and other markets. The funds will also support J&T Express’s expansion into new markets, diversification of its service offerings, and investment in research and development and technology innovations, all aimed at delivering faster and more convenient logistics services to consumers globally.

Founded in Indonesia in 2015, J&T Express expanded rapidly into six other Southeast Asian countries before entering the Chinese market in 2020. According to Frost & Sullivan, J&T Express was the number

one express delivery operator in Southeast Asia by parcel volume in 2022 and among the leading operators in China by market share. Leveraging the strong growth of its business in China and Southeast Asia, the company further expanded its reach into five countries in Latin America, the Middle East, and North Africa in 2022. Currently, J&T’s express delivery operations span 13 countries.

During the listing ceremony, frontline staff from J&T Express’s 13 markets, including couriers, dispatch operators, and call centre representatives, jointly witnessed the gong striking moment and the company’s listing on the Hong Kong Stock Exchange.

Mr. Charles Hou, Vice President of J&T Express, said: “Since our founding in 2015, J&T has rapidly expanded and continuously enhanced our services. Our listing on the Hong Kong Stock Exchange today marks a significant milestone in the company’s development. We would like to thank the J&T Express family for their hard work and dedication, our partners for their longstanding support, and our customers for their trust in us. We cherish our roots and remain committed to seamlessly connecting the world through our customer-centric approach and dedication to efficiency.”

Mr. Dylan Tey, Chief Financial Officer of J&T Express, said: “Hong Kong is a leading international financial centre and host to Asia’s most dynamic capital market. We take immense pride in listing on the Hong Kong Stock Exchange, which gathers issuers and investors from around the world. We will continue to work closely with our partners to lead the transformation of the global logistics industry. This will not only allow us to provide enhanced express delivery services to a broader clientele across more markets but also create greater value for our

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