Chinese Smart Logistics Firm Aims to Raise Up to $10M via IPO
# Smart Logistics Global, a Chinese Logistics Supplier, Files for $10 Million U.S. IPO
October 4, 2024
Smart Logistics Global, a Chinese land logistics provider specializing in industrial raw materials, filed with the U.S. Securities and Exchange Commission on Friday to raise up to $10 million through an initial public offering.
Operating in the People’s Republic of China, Smart Logistics Global is a business-oriented contract logistics solutions provider focusing on the transportation of industrial raw materials. The company primarily offers land freight services, with a significant portion of its clients being large institutional customers under annual contracts. It has developed a proprietary digital system that provides efficient logistics solutions by analyzing logistics data such as truck load information.
Headquartered in New York and founded in 2017, the company reported revenues of $101 million for the twelve months ending December 31, 2023. The firm plans to list on the Nasdaq with the stock symbol SLGB. Benjamin Securities and Prime Number Capital are joint bookrunners for this transaction. Pricing terms have not been disclosed.
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Source: Renaissance Capital
