CloudDepots Holdings, which provides technology-enabled, asset-light shipping and logistics services, filed on Friday with the SEC to raise up to $17 million in an initial public offering.
The company plans to raise $17 million by offering 3 million shares at a price range of $5 to $6. At the midpoint of the proposed range, CloudDepots Holdings would command a market value of $147 million.
Through its operating subsidiary, Y&T E-commerce, CloudDepots contracts with customers, consisting of e-commerce merchants and warehouse operators, to provide an integrated shipping service within the US. It uses independent third-party carriers, including FedEx and UPS, to perform the physical transportation of packages. The company focuses on cross-border customers seeking to fulfill orders in the US, with PRC-based customers accounting for 32.9% of revenue in the six months ended June 30, 2026. It began offering AI-enabled subscription services in December 2025, which have represented a small portion of revenue.
The City of Industry, CA-based company was founded in 2021 and booked $74 million in revenue for the 12 months ended June 30, 2026. It plans to list on either the Nasdaq or NYSE American under the symbol CLDS.RC. CloudDepots Holdings filed confidentially on March 31, 2026. US Tiger Securities is the sole bookrunner on the deal.
