Zhonggu Logistics has filed for a $218m on the Shanghai Stock Exchange, providing exits to Zhonggu Shipping and SoftBank.
Zhonggu Logistics, a China-based container logistics services provider backed by liner operator Zhonggu Shipping and telecommunications group SoftBank, is targeting a $218m initial public offering, DealStreetAsia reported today.
The company will issue approximately 66.7 million shares priced at RMB22.19 ($3.28) each. It will list on the main board of the Shanghai Stock Exchange.
Zhonggu Logistics owns a network of 120 container ships and provides a door-to-door logistics service to enterprise clients in China. It will use the proceeds to purchase…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
