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Jayud International Logistics (JYD), a supplier of cross-border logistics providers in China, has filed to lift $12M by means of a US preliminary public providing.
Jayud did not specify in its submitting the dimensions or value of the deal, however indicated in its submitting payment schedule that it was trying to elevate round $12M. Benchmark is serving as lead bookrunner.
The corporate hopes to listing its shares on Nasdaq underneath the image JYD.
Included within the Cayman Islands, Jayud relies in Shenzhen, which is a part of the Better Bay Space financial hub that additionally contains Guangdong, Hong Kong and Macao.
Jayud has been working within the black. For the six-month interval ended June 30, the corporate reported internet revenue of $1.4M on income of $67.7M.
Fellow Chinese language logistics firm Shengfeng (SFWL) can be looking for a US itemizing. The corporate not too long ago downsized its IPO by 46% to $14M.
