Jayud Global Logistics, a cross-border logistics services provider in China, filed on Friday with the SEC to raise up to $12 million in an initial public offering.
Operating through various subsidiaries in mainland China and Hong Kong, Jayud Global Logistics offers a range of cross-border solution services such as freight forwarding services, supply chain management, custom brokerage, and intelligent logistic IT systems. The company believes that its established transportation network enables increased efficiency and reduces transportation costs, while also benefitting from a geographic location that is equipped to support growth in ocean, air, and overland logistics.
The Shenzhen, China-based company was founded in 2009 and booked $122 million in revenue for the 12 months ended June 30, 2022. It plans to list on the Nasdaq under the symbol JYD. Jayud Global Logistics filed confidentially on September 21, 2022. The Benchmark Company is the sole bookrunner on the deal. No pricing terms were disclosed.
