KONTAN.CO.ID - HONG KONG/SINGAPORE. Courier startup J&T Global Express, which mainly operates in Southeast Asia and China, will launch a Hong Kong initial public offering on Monday that will value it at about $13 billion, three people with direct knowledge of the matter said. The valuation is lower than the $20 billion J&T achieved in a 2021 funding round, but in line with the amount achieved during its most recent funding round in May, the sources said. All three sources declined to be named as the IPO details remain confidential. J&T did not immediately respond to a request for comment.
J&T Global Express Seen Valued at $13bln in Hong Kong IPO - Sources
KONTAN.CO.ID - HONG KONG/SINGAPORE. Courier startup J&T Global Express, which mainly operates in Southeast Asia and China, will launch a Hong Kong initial public offering on Monday that will value it at about $13 billion, three people with direct knowledge of the matter said. The valuation is lower than the $20 billion J&T achieved in a 2021 funding round, but in line with the amount achieved during its most recent funding round in May, the sources said. All three sources declined to be named as the IPO details remain confidential. J&T did not immediately respond to a request for comment.