Singapore, 27 October 2023 – In a significant move that underscores its global ambitions, J&T Global Express Limited, renowned as J&T Express, made a grand entry onto the Main Board of the Hong Kong Stock Exchange earlier today. The listing, under the evocative stock code “1519”, had its Public Offer Price set at an impressive HK$ 12.00 per Offer Share. With net proceeds from the Global Offering hitting a remarkable HK$ 3.528 billion, this event indeed flags J&T Express’s vision of reigning supreme in the global logistics space.
From Humble Beginnings to Global Dominance
Born in Indonesia just eight years ago in 2015, J&T Express’s growth trajectory has been nothing short of meteoric. Within five years, it marked its dominance in six other Southeast Asian nations and made a notable entry into the competitive Chinese market in 2020. Garnering accolades from industry expert Frost & Sullivan, J&T Express emerged as the top express delivery player in Southeast Asia by parcel volume in 2022. Its impressive presence wasn’t restricted to Asia; 2022 also saw the brand expand its horizons into Latin America, the Middle East, and North Africa. Today, J&T Express boasts an impressive delivery operation across 13 diverse countries.
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Unfurling the Future Vision
With the funds amassed from its stellar IPO, J&T Express has charted out an ambitious roadmap. At the heart of its strategy lies the expansion of its logistics network, ramping up existing infrastructure, and fortifying its sorting and warehousing prowess, especially in Southeast Asia. But that’s not all. The brand has its eyes set on new markets, broadening its array of services, and diving deep into research and innovation. The ultimate goal? Delivering unparalleled logistics services that resonate with consumers across the globe.
Voices of Vision and Promise
At the eventful listing ceremony, Mr. Charles Hou, Vice President of J&T Express, reminisced, “Since our founding in 2015, J&T has rapidly expanded and continuously enhanced our services. Our listing on the Hong Kong Stock Exchange today marks a significant milestone in the company’s development. We would like to thank the J&T Express family for their hard work and dedication, our partners for their longstanding support, and our customers for their trust in us. We cherish our roots and remain committed to seamlessly connecting the world through our customer-centric approach and dedication to efficiency.”
Echoing his sentiment, Mr. Dylan Tey, Chief Financial Officer of J&T Express, remarked, “Hong Kong is a leading international financial centre, and host to Asia’s most dynamic capital market. We take immense pride in listing on the Hong Kong Stock Exchange, which gathers issuers and investors from around the world. We will continue to work closely with our partners to lead the transformation of the global logistics industry. This will not only allow us to provide enhanced express delivery services to a broader clientele across more markets, but also create greater value for our investors.”
About J&T Express
For those unfamiliar with its legacy, J&T Express stands as a beacon in the global logistics landscape. With its roots in Southeast Asia and China – the world’s most dynamic and expansive market – it has continually embraced a mission centered around efficiency and customer satisfaction. Its sprawling network covers 13 countries, connecting cultures and economies with a vision of logistic excellence. As J&T Express continues its journey, it promises a world more connected, efficient, and logistic-friendly.
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