Indonesia’s J&T Express eyes shifting IPO from US to Hong Kong


J&T Express Courier Services supervisor Mohd Ameerul Wahid, 27, putting the items in the van to be sent to their clients.

JAKARTA: J&T Express, an Indonesian courier company, is considering shifting its planned US initial public offering (IPO) to Hong Kong in a debut that could raise about US$1bil (RM4.17bil), according to sources.

The Jakarta-based company is working with Bank of America Corp, China International Capital Corp and Morgan Stanley on the potential first-time share sale as soon as next year.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

J&T Express , Indonesia , courier , IPO , US , Hong Kong ,

   

Next In Business News

Perodua set to produce 500 units of eMO-II monthly, aims for cheapest EV
Malaysian investors keeping close watch on South Korea's political uncertainty - analyst
Oil prices edge up on geopolitical tensions, Opec+ supply plans
Teleport projects record RM1bil revenue in 2024, achieving 50% growth
KLIA tops global airport rankings for service quality
KLCI rises for second day, glove stocks rally
Asia Digital Engineering eyes US market with FAA approval in sight - CEO Mahesh
China's services activity expansion eases in Nov, Caixin PMI shows
Australia's Q3 GDP growth disappoints hopes for a rebound
Ringgit remains lower against US$ on jitters over South Korean turmoil

Others Also Read