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Globavend Holdings Priced, Nasdaq: GVH

Provides cross-border logistics and shipping services.

Industry: Industrials

Latest Trade: $1.46 0.00 (0.0%)

First Day Return: -35.5%

Return from IPO: -63.5%

Industry: Industrials

Founded in 2016, we are emerging e-commerce logistics provider providing end-to-end logistics solution in Hong Kong, Australia and New Zealand. Our business spans Hong Kong, 4 cities in Australia and in New Zealand through our own business presence and the presence of our service providers. Our customers are primarily enterprise customers, being e-commerce merchants, or operators of e-commerce platforms, in providing business-to-consumer (B2C) transactions. As an e-commerce logistics provider, we provide integrated cross-border logistics services from Hong Kong to Australia and New Zealand, where we provide customers with a one-stop solution, from pre-carriage parcel drop off to parcel consolidation, air-freight forwarding, customs clearance, on-carriage parcel transportation and delivery. We rely our own proprietary all-in-one shipping solution, which has been or can be connected to the customer’s own IT systems (such as enterprise resource planning (ERP) systems, customer relationship management (CRM) systems, booking management systems or point of sale (POS) systems) on one end and the transportation management systems (TMS) of our ground transportation service providers on the other end, to facilitate effective logistics management.
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IPO Data
IPO File Date 08/23/2023
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 1.5
Deal Size ($mm) $6
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/07/2023
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 1.5
Deal Size ($mm) $6
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
R.F. Lafferty & Co.
Company Data
Headquarters Perth, Australia
Founded 2016
Employees 9
Website www.globavend.com

Globavend Holdings (GVH) Performance