Why Skills-First Leadership Is Replacing the Ivy League Playbook in the C-Suite
05/23/2025
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The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
According to two sources, Indonesia’s J&T Global Express, one of the world’s fastest-growing courier companies, aims to launch a $500 million Hong Kong initial public offering (IPO) on Monday.
The IPO would be the second-largest new share sale in Hong Kong in 2023, after the $1.1 billion IPO of China’s Budweiser Brewing Company APAC last month.
J&T Global Express was founded in 2015 and has quickly become one of the leading courier companies in Southeast Asia. The company operates in 10 countries and has over 500,000 employees.
J&T Global Express is seeking to raise capital to fund its expansion plans. The company is also looking to tap into the growing demand for e-commerce delivery services in Southeast Asia.
Goldman Sachs, UBS, and JPMorgan Chase are leading the IPO.
The IPO is expected to be well-received by investors. J&T Global Express is a profitable company with a strong growth track record. The company is also operating in a rapidly growing market.
However, the IPO could face some challenges. The global IPO market has slowed down this year due to rising interest rates and inflation. Additionally, the Hong Kong stock market has been volatile in recent months.
Overall, the IPO of J&T Global Express is a significant event for the company and the Hong Kong stock market. It will test the market’s appetite for IPOs and e-commerce delivery companies.
Indonesia’s J&T Global Express aims to launch a $500 million Hong Kong IPO on Monday. The IPO would be the second-largest new share sale in Hong Kong in 2023. J&T Global Express seeks to raise capital to fund its expansion plans and tap into Southeast Asia’s growing demand for e-commerce delivery services. The IPO is expected to be well-received by investors, but it could face some challenges due to the slowing global IPO market and the volatile Hong Kong stock market.
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