Skadden advised on the initial public offering and listing on the Main Board of the Hong Kong Stock Exchange by J&T Global Express Limited (J&T), representing the underwriters. The amount raised was approximately HK$3.92 billion (US$501 million), exclusive of the over-allotment option. It is one of the largest IPOs in Hong Kong so far this year. Trading commenced on October 27, 2023.
J&T is a global logistics service provider, with delivery services spanning 13 countries. It is the number one express delivery operator in Southeast Asia by parcel volume.
The Skadden team was led by partners Haiping Li (Hong Kong/Shanghai), Paloma Wang (Hong Kong) and Yuting Wu (Shanghai), counsels Lillian Lian (Hong Kong) and Martina To (Hong Kong), associates Weijian You (Shanghai) and Martin Tsang (Hong Kong), International Legal Project Manager Jianfei He (Shanghai) and staff attorney Chris Lee (Hong Kong).
