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Indonesia’s J&T Express eyes shifting IPO from US to Hong Kong | The Edge Markets

News Snapshot:

– A + A (Aug 27): 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 US$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. The possible change of venue comes as Chinese regulators have announced scrutiny on its companies listing overseas. Even though…

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