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Haoxin Holdings Filed, US Offering, Removed, Nasdaq: HXHX

Provides temperature-controlled truckload and urban delivery services in China.

Industry: Industrials

We are a provider of temperature-controlled truckload service and urban delivery services in China with over 19 years of experience in the transportation industry. We started our urban delivery service business in 2003 and started expanding our business into temperature-controlled truckload service in 2016. We currently conduct all of our operations through our subsidiaries, Ningbo Haoxin, Zhejiang Haoxin, Longanda and Haiyue, and have experienced a steady growth in our business in recent years. The goods we take charge of transporting focus on factory logistics, which include electronic devices, chemicals, fruit, food and commercial goods. After continuous development, we have been recognized and accredited by the China Federation of Logistics and Purchasing as a 3A-Grade transportation service provider. As of June 30, 2022, we operate a truckload fleet with 70 tractors, 155 trailers and 61 vans, 20 tractors and 4 vans of which are under capital lease. We do not use vehicles under rental arrangement to conduct our services and we prefer to acquire new vehicles via capital lease rather than one-off cash payment. Given the large scale of our fleet, we offer both network density and broad geographic coverage to meet our customers’ diverse transportation needs within the PRC.
IPO Data
IPO File Date 02/10/2023
Offer Price
Price Range $4.00 - $6.00
Offer Shares (mm) 1.8
Deal Size ($mm) $9
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Craft Capital Management
WestPark Capital
Company Data
Headquarters Ningbo, China
Founded 2003
Employees at IPO 99
Website www.haoxinholdings.com

Haoxin Holdings (HXHX) Performance

Created with Highcharts 10.3.2Chart context menuHXHX vs. IPO Index (IPOUSA)13. Jan20. Jan27. Jan3. Feb10. Feb17. Feb24. Feb3. Mar10. Mar17. Mar24. Mar31. Mar7. Apr-20%0%+ 20%-40%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index