J&T Express Begins IPO

The public offering price is HK$12 per preference share. The listing in Hong Kong marks a significant step forward in J&T Express' journey to become a global logistics leader.

J&T Express, a global logistics service provider, is officially listed on the Main Board of the Hong Kong Stock Exchange.

J&T Express plans to use the proceeds from the IPO to expand its logistics network, improve existing infrastructure, and strengthen its sorting and warehousing capabilities in Southeast Asia and other markets. J&T Express will also use the funds to expand into new markets and diversify its service offerings, as well as for research, development, and technological innovation, seeking to provide faster and more convenient logistics services to consumers globally.

Founded in Indonesia in 2015, J&T Express has rapidly expanded to six Southeast Asian countries including Vietnam in 2018. According to Frost & Sullivan, J&T Express is the number one express delivery operator in Southeast Asia by parcel volume by 2022.

Capitalizing on the strong growth of its business in Southeast Asia, the company continues to expand its reach to five countries in Latin America and the Middle East and North Africa by 2022. Currently, J&T's global delivery operations span 13 countries.

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