---
title: "Hong Kong freight forwarding services provider CGL Logistics cuts deal size by 53% ahead of $7 million US IPO"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/269574498.md"
description: "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."
datetime: "2025-12-12T22:33:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/269574498.md)
  - [en](https://longbridge.com/en/news/269574498.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/269574498.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/269574498.md) | [繁體中文](https://longbridge.com/zh-HK/news/269574498.md)


# Hong Kong freight forwarding services provider CGL Logistics cuts deal size by 53% ahead of $7 million US IPO

CGL Logistics Holdings, a Hong Kong-based provider of freight forwarding services, lowered the proposed deal size for its upcoming IPO on Friday.

The Hong Kong-based company now plans to raise $7 million by offering 1.8 million shares at a price of $4. The company had previously filed to offer 3.8 million shares at the same price. At the revised deal size, CGL Logistics Holdings will raise 53% less in proceeds than previously anticipated and command a market cap of $67 million.

Through its operating subsidiaries, the company provides freight forwarding services. Its services include sea, air, and rail freight forwarding, under which the company transports goods, cargos, or project components from one point to another and provides pick-up, warehousing, and/or customs clearance/declaration services as instructed by the customer. CGL also provides agency logistics services.

CGL Logistics Holdings was founded in 1999 and booked $38 million in revenue for the 12 months ended March 31, 2025. It plans to list on the Nasdaq under the symbol CGL. Revere Securities is the sole bookrunner on the deal.

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