Company is selling 326.6 million shares at HK$12 eachIts rivals SF Holding, Cainiao have also filed for HK listingsCourier services provider J&T Global Express Ltd. is seeking to raise about HK$3.92 billion ($501 million) through an initial public offering in Hong Kong, the city’s second-largest so far this year.The company is taking orders until Oct. 19 for about 326.6 million shares, which are being sold at HK$12 each, according to a statement on Monday. Pricing is expected on Oct. 19, with listing slated for Oct. 27.The IPO is poised to be the biggest in the Asian financial hub since ZJLD Group Inc.’s $676 million listing in April. J&T Global’s offering will test investor appetite in Hong Kong, where new share sales are down nearly 80% versus the same period last year.Nine corne
J&T IPO: Will you buy the Indonesian express?
J&T Global Express said on Monday it planned to raise up to HK$3.92 billion (US$500.97 million) in Hong Kong. Originated in Indonesia and expanded its footprint across Southeast Asia, J&T Global Express provides services to China e-commerce like Pinduoduo and Shein. It is set to list on Thursday, with settlement expected to be on October 27.
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