JAKARTA, Aug 29 (Bloomberg): J&T Express, an Indonesian courier company, is considering shifting its planned US initial public offering to Hong Kong in a debut that could raise about $1 billion, according to people familiar with the matter.
The Jakarta-based company is working with Bank of America Corp., China International Capital Corp. and Morgan Stanley on the potential first-time share sale as soon as next year, the people said, asking not to be named as the matter is private.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
