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.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
Loud leaders once ruled the boardroom. Charisma was currency. Big talk drove big valuations.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
May 28, 2025: SpaceX’s latest Starship test flight, conducted on May 27, 2025, ended in failure when the spacecraft’s upper stage broke apart during its descent over the Indian Ocean.
May 27, 2025: Greek Coastguards Charged Over 2023 Pylos Migrant Shipwreck That Killed Hundreds
May 27, 2025: Volvo to Cut 3,000 Jobs in Europe as Part of $1.9B Restructuring Amid EV Slowdown and Tariff Pressures.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
