Transten Global Group, a China-based provider of cross-border supply chain services, filed on Tuesday with the SEC to raise up to $10 million in an initial public offering.
Through its operating entities, Transten Global provides cross-border supply chain services involving the transportation and delivery of goods from China to overseas destinations, with a global network spanning 32 countries in the 1H24. Its integrated services range from parcel pick-up to warehouse storage, international shipping, customs clearance, and destination delivery. The company operates under two separate lines of business: business-to-consumer (B2C) and business-to-business (B2B) business, which was launched in the 4Q22.
The Shenzhen, China-based company was founded in 2018 and booked $70 million in revenue for the 12 months ended June 30, 2024. It plans to list on the Nasdaq under the symbol TTG. Transten Global Group filed confidentially on June 21, 2024. Tiger Brokers is the sole bookrunner on the deal. No pricing terms were disclosed.
