Smart Logistics Global Limited (SLGB.US) Prices IPO at $5 Per Share, Gains 5.6% on First Day of Trading

Stock News

Oct 16

Smart Logistics Global Limited (SLGB.US), a Chinese logistics service provider, made its debut on NASDAQ this Wednesday during Eastern Time. The initial public offering (IPO) was priced at $5 per share, at the lower end of the anticipated range of $5 to $6 per share, raising $5 million through the issuance of 1 million shares. On its first trading day, the stock closed up 5.60% at $5.28.

Founded in 2018, Smart Logistics, through its domestic operating entity Fuzhou Jiabin Modern Logistics Park Co., Ltd., has established itself as a B2B contract logistics supplier specializing in the transportation of industrial raw materials in China. The company primarily provides customized and cost-effective logistics solutions through land transportation for clients under long-term contracts with large institutions. Smart Logistics leverages its proprietary transportation management system to optimize routes and equipment, and is committed to scalability through investments in advanced logistics infrastructure. This includes an 110,000 square meter intelligent logistics park located in Jiangxi and seven full truckload centers strategically placed across China, significantly enhancing its operational capacity and growth potential.

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