Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com October 2 news, extreme Rabbit Express Global Co., Ltd. HKEx IPO has now passed the hearing, Morgan Stanley, Bank of America Securities and CICC as co-sponsors, plan to raise $500 million to $1 billion. This means that the application for listing of extreme Rabbit Express has been approved.

On September 15 this year, the website of the China Securities Regulatory Commission issued a filing notice on the overseas offering and listing of Junior Global Express Limited (extreme Rabbit Express Global Co., Ltd.). Extreme Rabbit Express plans to issue no more than 375.5 million common shares and list on the Hong Kong Stock Exchange.

According to the HKEx's post-hearing data set, as of June 30, 2023, the company had 104 regional agents and about 8700 network partners. As of June 30, 2023, it operates 265 transit centres with more than 8400 trunk transport vehicles, including more than 4400 self-owned trunk transport vehicles and about 3900 trunk routes, as well as more than 18600 locations and delivery outlets. Through cooperation with international and local partners, the company can provide cross-border services covering Asia, North America, South America, Europe, Africa and Oceania.

CTOnews.com learned from the official announcement that the business of extreme Rabbit Express began in Indonesia and gradually expanded to other countries in Southeast Asia, including Vietnam, Malaysia, the Philippines and Thailand.

China, Cambodia and Singapore. According to Frost Sullivan, the market share of polar rabbit express delivery is 22.5% in terms of package volume in 2022.

Polar Rabbit Express entered the Chinese express market in 2020 and has a market share of 10.9 per cent by package volume, according to Frost Sally. At present, it has fully covered seven countries and regions in the southeast, and the geographical coverage of counties and districts in China has exceeded 98%.

Polar Rabbit Express has 104 regional agents and about 9600 network partners. As of December 31, 2022, it operates 280 transit centres with more than 8100 trunk transport vehicles, including more than 4020 self-owned trunk transport vehicles and about 3800 trunk routes, as well as more than 21000 locations and delivery outlets.

Polar Rabbit Express has an annual global package volume of 14.6 billion pieces in 2022, an increase of 39.0% compared with 10.5 billion pieces in 2021 and an increase of 350.6% over 3.2 billion pieces in 2020.

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