Smart Pointer Group Holdings, a Hong Kong-based provider of temperature-controlled logistics services, filed on Monday with the SEC to raise up to $28 million in an initial public offering.
The company plans to raise $28 million by offering 5 million shares at a price range of $5 to $6. At the midpoint of the proposed range, Smart Pointer Group Holdings would command a market cap of $83 million.
Smart Pointer Group Holdings is a Hong Kong-based provider of temperature-controlled logistics and warehousing services. Operating through its wholly owned subsidiary Smart Pointer Logistics Warehouse, the company offers refrigerated and climate-controlled storage, outbound delivery, and related value-added logistics services to customers across multiple sectors. Its principal facility is a 12-floor logistics center spanning approximately 70,000 square feet in Kwai Chung, New Territories, a major commercial cargo handling district in Hong Kong. The company maintains a fleet of temperature-controlled trucks and operates under a third-party logistics model, serving a concentrated customer base with its largest customer accounting for 35% of revenue in FY2024, declining to 11% in FY2025.
The Hong Kong-based company was founded in 2019 and booked $8 million in revenue for the 12 months ended September 30, 2025. It plans to list on the Nasdaq under the symbol SPGH. Smart Pointer Group Holdings filed confidentially on June 20, 2025. Cathay Securities is the sole bookrunner on the deal.
