Smart Logistics Global, a Chinese land-based logistics provider focused on industrial raw materials, filed on Friday with the SEC to raise up to $10 million in an initial public offering.
Smart Logistics Global operates a business-to-business contract logistics solution provider in the People's Republic of China, focusing on the transportation of industrial raw materials. It primarily offers land-only transportation services, with a significant portion of its clientele being large institutional customers who engage in yearly contracts. The company has developed a proprietary digitized system which aids in providing efficient logistics solutions by analyzing logistics data such as truck load information.
The New York, NY-based company was founded in 2017 and booked $101 million in sales for the 12 months ended December 31, 2023. It plans to list on the Nasdaq under the symbol SLGB. Benjamin Securities and Prime Number Capital are the joint bookrunners on the deal. No pricing terms were disclosed.
