Haoxin Holdings, which provides temperature-controlled truckload and urban delivery services in China, raised $7 million by offering 1.8 million shares at $4, the low end of the range of $4 to $6.
Operating through various subsidiaries, Haoxin Holdings provides temperature-controlled truckload services and urban delivery services in China, with a focus on electronic devices, chemicals, fruit, food, and commercial goods.
Haoxin Holdings plans to list on the Nasdaq under the symbol HXHX. Craft Capital Management and WestPark Capital acted as joint bookrunners on the deal.
