Foxconn’s $4 Billion Unit Jusda Is Seeking Pre-IPO Financing

Bloomberg11/25/2021 07:39 PM GMT+08  • 2 min read
Foxconn’s $4 Billion Unit Jusda Is Seeking Pre-IPO Financing
Foxconn unit Jusda seeks to raise US$300 million to US$400 million in funding
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Jusda, a logistics arm of Foxconn Technology Group, is considering raising funds from private investors ahead of a potential initial public offering as early as next year, according to people familiar with the matter.

The supply chain management platform is seeking to raise US$300 million to US$400 million in a so-called pre-IPO round, the people said, asking not to be identified because the matter is private. The company, which has a valuation of as much as US$4 billion, would use the proceeds for expansion amid a boom in logistics services, the people said.

The company is also in the early stages of evaluating a potential listing in Hong Kong in the second half of next year, the people said.

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