Company Overview
| Stock Name | J&T Express-W |
|---|---|
| Stock Code | 01519 |
| Company Full Name | To be extracted |
| Industry | 貨運物流 |
| Principal Activities | 主要從事全球物流服務提供商，快遞業務在東南亞處于領先地位。 |
| Listing Date | 2023-10-27 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | Yes |
| Registered Address (Mainland China) | 中國上海市青浦區華新鎮華隆路1777號5幢A棟1001室 |
| Business Address (Hong Kong) | To be extracted |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | http://www.jtexpress.com |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2980 1333 |
| A-Share/US Dual Listing | No data |
Offering Information
| Offering Mechanism | To be extracted |
|---|---|
| Offer Price | HK$ 12.00 / shares |
| Offer Price Range | To be extracted |
| Lot Size | To be extracted |
| Entry Threshold | To be extracted |
| Par Value | To be extracted |
| Offer Period | To be extracted |
| Global Offering Shares | To be extracted |
| HK Public Offer Shares (Initial) | To be extracted |
| Public Offer Lots (Initial) | To be extracted |
| International Placing Shares (Initial) | To be extracted |
| Offer Ratio | To be extracted |
| Total Shares Post-IPO | To be extracted |
| Greenshoe (Over-allotment Option) | To be confirmed |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 39.9% |
| Clawback Tiers | To be extracted |
| Reallocation Option | To be confirmed |
| Total Global Offering Size | HK$ 391,862,400 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 200 | HK$ 2,400 |
| 2 lots | 400 | HK$ 4,800 |
| 3 lots | 600 | HK$ 7,200 |
| 4 lots | 800 | HK$ 9,600 |
| 5 lots | 1,000 | HK$ 12,000 |
| 6 lots | 1,200 | HK$ 14,400 |
| 7 lots | 1,400 | HK$ 16,800 |
| 8 lots | 1,600 | HK$ 19,200 |
| 9 lots | 1,800 | HK$ 21,600 |
| 10 lots | 2,000 | HK$ 24,000 |
| 15 lots | 3,000 | HK$ 36,000 |
| 20 lots | 4,000 | HK$ 48,000 |
| 25 lots | 5,000 | HK$ 60,000 |
| 30 lots | 6,000 | HK$ 72,000 |
| 35 lots | 7,000 | HK$ 84,000 |
| 40 lots | 8,000 | HK$ 96,000 |
| 45 lots | 9,000 | HK$ 108,000 |
| 50 lots | 10,000 | HK$ 120,000 |
| 100 lots | 20,000 | HK$ 240,000 |
| 150 lots | 30,000 | HK$ 360,000 |
| 200 lots | 40,000 | HK$ 480,000 |
| 250 lots | 50,000 | HK$ 600,000 |
| 300 lots | 60,000 | HK$ 720,000 |
| 350 lots | 70,000 | HK$ 840,000 |
| 400 lots | 80,000 | HK$ 960,000 |
| 450 lots | 90,000 | HK$ 1,080,000 |
| 500 lots | 100,000 | HK$ 1,200,000 |
| 1,000 lots | 200,000 | HK$ 2,400,000 |
| 1,500 lots | 300,000 | HK$ 3,600,000 |
| 2,000 lots | 400,000 | HK$ 4,800,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,500 lots | 500,000 | HK$ 6,000,000 |
| 3,000 lots | 600,000 | HK$ 7,200,000 |
| 3,500 lots | 700,000 | HK$ 8,400,000 |
| 4,000 lots | 800,000 | HK$ 9,600,000 |
| 5,000 lots | 1,000,000 | HK$ 12,000,000 |
| 10,000 lots | 2,000,000 | HK$ 24,000,000 |
| 60,000 lots | 12,000,000 | HK$ 144,000,000 |
Stock Connect Inclusion Analysis
| HK Market Cap | --- |
|---|---|
| Analysis Result | Already included in Stock Connect (both) |
Valuation & Financials
| Market Cap (at Offer Price) | To be extracted |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not disclosed |
| Profit/Loss Status | To be extracted |
| Period-End Cash Balance | To be extracted |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | HK$ 12.0 |
|---|---|
| First Day Open | HK$ 12.0 |
| First Day Change | -23.00% |
| First Day Volume | 21003700.0 |
| First Day Turnover | 251547000.0 |
| Use of Proceeds | 1、約30%，或1,058.4百萬港元將用于拓寬物流網絡，升級基礎設施及強化在東南亞和其他現有市場的分揀及倉儲能力及容量；
2、約30%，或1,058.4百萬港元將用于開拓新市場及擴大服務范圍；
3、約30%，或1,058.4百萬港元將用于研發及技術創新；
4、約10%，或352.8百萬港元將用作一般企業目的及運營資金需求。 |
Underwriting Syndicate
Joint Sponsors (3)
Overall Coordinators (6)
Joint Bookrunners (21)
Morgan Stanley Asia Limited CE AAD291
Merrill Lynch (Asia Pacific) Limited CE AAC198
China International Capital Corporation Hong Kong Securities Limited CE AEN894
UBS Securities Hong Kong Limited CE BIN466
建银国际金融有限公司 CE AJO225
CMB International Capital Limited CE AVM940
HUATAI FINANCIAL HOLDINGS (HONG KONG) LIMITED CE AOK809
BOCI ASIA LIMITED CE AET863
ABCI Securities Company Limited CE ACX411
BOCOM International Securities Limited CE APJ121
ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299
Deutsche Bank AG, Hong Kong Branch CE AAK077
Daiwa Capital Markets Hong Kong Limited CE AAB639
国泰君安证券（香港）有限公司 CE ABY236
DBS ASIA CAPITAL LIMITED CE AAE430
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459
Futu Securities International (HONG KONG) Limited CE AZT137
TIGER BROKERS (HK) GLOBAL LIMITED CE BMU940
VALUABLE CAPITAL LIMITED CE AUL711
RICHE BRIGHT SECURITIES LIMITED CE APH275
Fosun International Securities Limited CE AAF432
Joint Lead Managers (21)
Morgan Stanley Asia Limited CE AAD291
Merrill Lynch (Asia Pacific) Limited CE AAC198
China International Capital Corporation Hong Kong Securities Limited CE AEN894
UBS Securities Hong Kong Limited CE BIN466
建银国际金融有限公司 CE AJO225
CMB International Capital Limited CE AVM940
HUATAI FINANCIAL HOLDINGS (HONG KONG) LIMITED CE AOK809
BOCI ASIA LIMITED CE AET863
ABCI Securities Company Limited CE ACX411
BOCOM International Securities Limited CE APJ121
ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299
Deutsche Bank AG, Hong Kong Branch CE AAK077
Daiwa Capital Markets Hong Kong Limited CE AAB639
国泰君安证券（香港）有限公司 CE ABY236
DBS ASIA CAPITAL LIMITED CE AAE430
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459
Futu Securities International (HONG KONG) Limited CE AZT137
TIGER BROKERS (HK) GLOBAL LIMITED CE BMU940
VALUABLE CAPITAL LIMITED CE AUL711
RICHE BRIGHT SECURITIES LIMITED CE APH275
Fosun International Securities Limited CE AAF432
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | Aspex Master Fund | 78,324,000 HKD | — | 2.00% | — | 6 months | 2024-04-27 |
| 2 | CELESTIAL OCEAN INVESTMENTS LIMITED | 234,976,800 HKD | — | 6.00% | — | 6 months | 2024-04-27 |
| 3 | D1 SPV Jupiter (Hong Kong) Limited | 84,328,800 HKD | — | 2.15% | — | 6 months | 2024-04-27 |
| 4 | D1 SPV Master Holdco I (Hong Kong) Limited | 231,028,800 HKD | — | 5.90% | — | 6 months | 2024-04-27 |
| 5 | Dahlia Investments Pte. Ltd. | 78,324,000 HKD | — | 2.00% | — | 6 months | 2024-04-27 |
| 6 | Eternal Earn Holding Limited | 117,487,200 HKD | — | 3.00% | — | 6 months | 2024-04-27 |
| 7 | Hidden Hill SPV VIII | 39,160,800 HKD | — | 1.00% | — | 6 months | 2024-04-27 |
| 8 | Huang River Investment Limited | 274,140,000 HKD | — | 7.00% | — | 6 months | 2024-04-27 |
| 9 | Jallion Global Limited | 86,157,600 HKD | — | 2.20% | — | 6 months | 2024-04-27 |
| 10 | JNRY III HOLDINGS LIMITED | 78,324,000 HKD | — | 2.00% | — | 6 months | 2024-04-27 |
| 11 | Joyous Tempinis Limited | 127,368,000 HKD | — | 3.25% | — | 6 months | 2024-04-27 |
| 12 | Parallel Cluster Investment Limited | 93,991,200 HKD | — | 2.40% | — | 6 months | 2024-04-27 |
| 13 | SC GGF III Holdco, Ltd. | 39,160,800 HKD | — | 1.00% | — | 6 months | 2024-04-27 |
Directors & Management
| Position | Chinese name | English Name |
|---|---|---|
| Chairman | 李杰 | — |
| Company Secretary | 尚泉汐,鄭程杰 | — |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | Jumping Summit Limited(11.11%);騰訊控股有限公司(6.07%);博裕實體(5.88%) |
|---|
