Business
Jayud Global Logistics Limited Announces Pricing of Initial Public Offering
SHENZHEN, China, April 21, 2023 /PRNewswire/ -- Jayud Global Logistics Limited (the "Company" or "Jayud"), one of the leading Shenzhen-based end-to-end supply
About this update from Jayud Global Logistics Limited
[{"type":"text","content":"SHENZHEN, China, April 21, 2023 /PRNewswire/ -- Jayud Global Logistics Limited (the \"Company\" or \"Jayud\"), one of the leading Shenzhen-based end-to-end supply chain solution providers in China, today announced the pricing of its initial public offering (the \"Offering\") of 1,250,000 Class A ordinary shares at a public offering price of US$4 per Class A ordinary share. The Class A ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on April 21, 2023 under the ticker symbol \"JYD.\"\nThe Company expects to receive the gross proceeds of US$5 million from the Offering. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 187,500 Class A ordinary shares at the public offering price, less underwriting discounts. The Offering is expected to close on or about April 25, 2023, subject to the satisfaction of customary closing conditions.\nProceeds from the Offering will be used for supplementing the Company's operating cash flow and general corporate use; leasing or purchasing warehouses that have strategic importance to the Company's business operation; adding new chartered services in key trade lines in the future; registration and operation of the Company's overseas business entities, branches and offices; and potential mergers and acquisitions in the future.\nThe Benchmark Company, LLC is acting as the sole bookrunning manager for the Offering.\nA registration statement on Form F-1, as amended, relating to the Offering was filed with the U.S. Securities and Exchange Commission (\"SEC\") (File Number: 333-269871) and was declared effective by the SEC. The Offering was made only by means of a prospectus. Copies of the prospectus relating to the Offering may be obtained from The Benchmark Company, LLC, 150 East 58th Street, 17th floor, New York, NY 10155, by email at [email protected], or by calling +1 (212)312-6700. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC's website at www.sec.gov.\nBefore you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Co...