Tracx Logis, a Singapore-based logistics provider focused on cross-border services, filed on Tuesday with the SEC to raise up to $22 million in an initial public offering.
The company provides cross-border logistics services to e-commerce merchants, smaller manufacturers and individual shippers. Tracx Logis works with various vendors, including first mile, last mile, middle mile and warehouse and customs partners in Asia and throughout the world. The company states that it uses an asset-light business model to minimize ownership or long-term lease of physical facilities and equipment. In 2024, TracX Logis, which was previously known as Qxpress, faced liquidity and going concern issues related to its then parent company, Qoo10, which later went into bankruptcy proceedings.
The Singapore-based company was founded in 2011 and plans to list on a major US-based exchange under the symbol TRCX. Tracx Logis filed confidentially on April 24, 2026. Revere Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
