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HONG KONG - Smart Logistics Global Limited (NASDAQ:SLGB), a Hong Kong-based business-to-business contract logistics provider, announced Thursday the completion of its initial public offering, raising $5 million in gross proceeds.
The company sold 1 million ordinary shares at $5 per share, according to a press release statement. Trading of the shares began Wednesday on the Nasdaq Capital Market under the ticker symbol "SLGB."
Craft Capital Management LLC served as the representative of the underwriters, with Revere Securities LLC acting as co-manager for the offering, which was conducted on a firm commitment basis.
Smart Logistics Global has granted underwriters a 45-day option to purchase up to an additional 150,000 ordinary shares at the public offering price to cover potential over-allotments.
The company plans to allocate 50% of the proceeds for infrastructure investments, 30% for working capital, and 20% for research and development expenses.
Founded in 2018, Smart Logistics Global provides contract logistics services in China, primarily focusing on industrial raw materials transportation. The company operates a 110,000-square-meter logistics park in Jiangxi Province and seven full-truck load centers across China.
The IPO follows the SEC’s declaration of effectiveness for the company’s registration statement on Form F-1 on September 30, 2025.
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