Hong Kong freight forwarding services provider CGL Logistics cuts deal size by 53% ahead of $7 million US IPO
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CGL Logistics Holdings, a Hong Kong-based freight forwarding services provider, has reduced its IPO deal size by 53%, now aiming to raise $7 million by offering 1.8 million shares at $4 each. Previously, the company planned to offer 3.8 million shares. The revised deal will result in a market cap of $67 million. CGL Logistics provides sea, air, and rail freight forwarding services and plans to list on Nasdaq under the symbol CGL.
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