01519 極兔速遞－Ｗ
J&T EXPRESS-W
J&T EXPRESS-W
| Listing Date | 2023/10/27 |
| Listing Price | 12.000 |
Quote
Subscription Result
- Subscription Rate1.36x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
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IPO Detail
COMPANY PROFILE
J&T Global Express Limited is a global logistics service provider with the leading express delivery business in Southeast Asia. It commenced operations in 2015 in Indonesia, and expand into other Southeast Asian countries, including Vietnam, Malaysia, the Philippines, Thailand, Cambodia and Singapore. Its express delivery services span 13 countries.
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The Group became the number one express delivery operator in Southeast Asia, with a 22.5% market share in 2022 by parcel volume, according to Frost & Sullivan. In Southeast Asia, it handled 1,438.3 million domestic parcels in the six months ended June 30, 2023. It tapped into the express delivery market in China in 2020, it handled 6,445.6 million parcels in the six months ended June 30, 2023. It had a geographic coverage of over 99% by counties and districts in China. It is also the first Asian express delivery operator of scale to have expanded into Saudi Arabia, UAE, Mexico, Brazil and Egypt.
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As of June 30, 2023, the Group had a portfolio of 104 regional sponsors and approximately 8,700 network partners. It operated 265 sorting centers and over 8,400 line-haul vehicles, including more than 4,400 self-owned line-haul vehicles, with approximately 3,900 line-haul routes, as well as over 18,600 pickup and delivery outlets.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Transportation |
| Major Business Area | Southeast Asia |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 326.55M shares |
| No. of International Offer Shares | 293.90M shares |
| No. of HK Offer Shares | 32.66M shares |
| Offer Price | $12.00 |
| Stock Code | 1519 |
| Sponsor(s) | Morgan Stanley Asia Limited, Merrill Lynch (Asia Pacific) Limited, China International Capital Corporation Hong Kong Securities Limited |
| Underwriter(s) | Morgan Stanley Asia Limited, Merrill Lynch (Asia Pacific) Limited, China International Capital Corporation Hong Kong Securities Limited, UBS AG Hong Kong Branch, CCB International Capital Limited, CMB International Capital Limited, Huatai Financial Holdings (Hong Kong) Limited, BOCI Asia Limited, ABCI Securities Company Limited, BOCOM International Securities Limited, ICBC International Securities Limited, Deutsche Bank AG, Hong Kong Branch, Daiwa Capital Markets Hong Kong Limited, Guotai Junan Securities (Hong Kong) Limited, DBS Asia Capital Limited, China Galaxy International Securities (Hong Kong) Co., Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Valuable Capital Limited, Riche Bright Securities Limited, Fosun International Securities Limited |
TIME TABLE
| Application Period | Oct 16 (Mon) - noon, Oct 19 (Thu) |
| Price Determination Date | Oct 19 (Thu) |
| Result Announcement Date | On or before Oct 26 (Thu) |
| Result Announcement Date | On or before Oct 26 (Thu) |
| Result Announcement Date | On or before Oct 26 (Thu) |
| Dealings in Shares commence on | Oct 27, 2023. (Fri) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $12.00 |
| Capitalization | 1.06B |
| NAV / share ($) | $1.72 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 12.00, the net proceeds raised would be HKD 3.53B, of which |
| 30% : Expand logistics networks, improve infrastructure, and strengthen sorting and warehouse capacity and capabilities |
| 30% : Expand in new markets and diverse service offering |
| 30% : Research and development and technology innovations |
| 10% : Working capital needs |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).