Deals
Foxconn’s $4 Billion Unit Jusda Is Seeking Pre-IPO Financing
- Jusda seeking as much as $400 million in new financing round
- Proceeds to help fuel growth amid booming demand for logistics
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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 $300 million to $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 $4 billion, would use the proceeds for expansion amid a boom in logistics services, the people said.