SHENZHEN, China, April 25,
2023 /PRNewswire/ -- Jayud Global Logistics Limited
(Nasdaq: JYD) (the "Company" or "Jayud"), one of the leading
Shenzhen-based end-to-end supply
chain solution providers in China,
today announced the closing 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 began trading on
April 21, 2023 under the ticker
symbol "JYD."
The Company received 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.
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 acted 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. A final prospectus related to the Offering
was filed on April 21, 2023. 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.
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. 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. 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