Skip to main content

Market Overview

Indonesian Logistics Company J&T Express Evaluating $1B US IPO: Bloomberg

Indonesian Logistics Company J&T Express Evaluating $1B US IPO: Bloomberg
  • Indonesian courier company J&T Express is planning to raise over $1 billion from a U.S. initial public offering (IPO) as soon as the fourth quarter, at a $5 billion valuation, becoming the first Indonesian firm to list in the U.S. since 2019, Bloomberg reports.
  • The company is planning new funding round after raking in $300 million in the most recent funding round.
  • J&T Express could challenge telecom tower operator PT Indosat Tbk (OTC: PTITF) $1.05 billion IPO in 1994.
  • J&T Express has expanded into Malaysia, Vietnam, Indonesia, Thailand, Singapore, Cambodia, and China since its 2015 inception. The courier company recently launched an air freighter in Tangerang.
  • J&T Express partners include Indonesia’s e-commerce firms PT Tokopedia and, and Singapore-based Sea Ltd owned, Shopee.
  • The pandemic induced online shopping acted as a significant demand driver for logistics and warehouses, further triggered by the 267 million Indonesian population spread over 7,000 islands.

Related Articles (FPX + EIDO)

View Comments and Join the Discussion!

Posted-In: Bloomberg IndonesiaNews Penny Stocks Small Cap IPOs Tech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at