World Road, a Chinese provider of cross-border freight and logistics services, announced terms for its IPO on Friday.
The Wuhan, China-based company plans to raise $8 million by offering 1.5 million shares at a price range of $4 to $6. At the midpoint of the proposed range, World Road would command a market value of $150 million.
World Road provides comprehensive cross-border logistics solutions, strategically focusing on cross-border freight services that connect China with global markets. The company operates through subsidiaries located in major cities including Shanghai, Wuhan, and Shenzhen.
World Road was founded in 2020 and booked $65 million in revenue for the 12 months ended March 31, 2025. It plans to list on the Nasdaq under the symbol WODO. Craft Capital Management is the sole bookrunner on the deal.
