Speed Group Holdings, a Hong Kong-based provider of cross-border freight forwarding and logistics services, filed on Thursday with the SEC to raise up to $11 million in an initial public offering.
The Hong Kong-based company plans to raise $11 million by offering 2.5 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Speed Group Holdings would command a market cap of $79 million.
Speed Group Holdings, through its subsidiary Speed Logistics, provides e-commerce logistics, freight forwarding, and on-demand warehousing and delivery services throughout North America, Asia, and Europe. Its customers primarily consist of online shopping platforms, and its suppliers include multinational airlines and courier delivery services companies. Its largest customer contributed to about 82% of its FY25 revenue.
The Hong Kong-based company was founded in 2021 and booked $23 million in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol SPED. Speed Group Holdings filed confidentially on March 28, 2025. R.F. Lafferty & Co. is the sole bookrunner on the deal.
