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."
The 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.
Proceeds 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.
The Benchmark Company, LLC is acting as the sole bookrunning
manager for the Offering.
A 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 prospectus@benchmarkcompany.com, 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.
Before 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 Company's securities, nor shall there be
any offer, solicitation or sale of any of the Company's securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of such state or jurisdiction.
About Jayud Global Logistics Limited
Jayud Global Logistics Limited is one of the leading
Shenzhen-based end-to-end supply
chain solution providers in China,
with a focus on cross-border logistics services. Headquartered in
Shenzhen, the Company benefits
from the unique geographical advantages of providing high degree of
support for ocean, air and overland logistics. The Company has
established a global operation nexus featuring logistic facilities
throughout major transportation hubs in China and globally, with footprints in 12
provinces in Mainland China and 16 countries across 6
continents. Jayud offers a comprehensive range of cross-border
supply chain solution services, including freight forwarding
services supply chain management, and other value-added services.
With its strong service capabilities and research and development
capabilities in proprietary IT systems, the Company provides
customized and efficient logistics solutions and develops
long-standing customer relationships. For more information, please
visit the Company's website: https://ir.jayud.com.
Forward-Looking Statements
Certain statements in this announcement are forward-looking
statements, including, but not limited to, the Company's proposed
Offering. These forward-looking statements involve known and
unknown risks and uncertainties and are based on the Company's
current expectations and projections about future events that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs, including the
expectation that the Offering will be successfully completed.
Investors can identify these forward-looking statements by words or
phrases such as "may," "will," "expect," "anticipate," "aim,"
"estimate," "intend," "plan," "believe," "is/are likely to,"
"potential," "continue" or other similar expressions. The Company
undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and other
filings with the SEC.
For more information, please contact:
Jayud Global Logistics Limited
Investor Relations
Department
Email: ir@jayud.com
Ascent Investors Relations LLC
Tina Xiao
Phone: +1 917 609-0333
Email: tina.xiao@ascent-ir.com
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SOURCE Jayud Global Logistics Limited