It is reported that Jitu will apply for a Hong Kong IPO to raise $500 million to $1 billion in the near future

Tech 2023-06-16 14:19:40 Source: Network

Viewpoint News: On June 16, insiders said that J&T Express planned to submit an IPO application in Hong Kong as soon as possible in the next few days. Jitu considered raising $500 million to $1 billion through stock sales

Viewpoint News: On June 16, insiders said that J&T Express planned to submit an IPO application in Hong Kong as soon as possible in the next few days. Jitu considered raising $500 million to $1 billion through stock sales.

Viewpoint New Media has learned that insiders say the listing may take place as soon as this year, but a final decision has not yet been made, and details, including size and timeline, may still change.

Previously, it was reported on the news that SF Express, a Chinese express delivery company, is in talks with Jitu Global to invest and expand its overseas market. SF Express plans to invest in Jitu Global with a ratio of 1% to 2% to strengthen the cooperation relationship between the two companies and further enhance their competitiveness in the international logistics field. The specific investment amount and cooperation details are still under discussion.

Regarding this, the relevant staff of SF Express stated that they are not clear about the aforementioned shareholding cooperation matters and suggest using the disclosure criteria on the official website. "If this (cooperation) is true, it should be a relatively significant matter, and there will be relevant announcements on the official website at that time.

This article originates from Viewpoint Network

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