CGL Logistics Holdings, a Hong Kong-based provider of freight forwarding services, increased the shares offered for its upcoming IPO on Monday.
The Hong Kong, China-based company now plans to raise $15 million by offering 3.8 million shares at $4. It originally filed in October 2025 to offer 3.8 million shares at $4, identical to its newly revised offering. The company had previously filed to offer 1.8 million shares at the same price in December 2025. At the midpoint of the revised deal size, CGL Logistics Holdings will raise 114% more in proceeds than previously anticipated and a market cap of $75 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 plans to list on the Nasdaq under the symbol CGL. Revere Securities is the sole bookrunner on the deal.
