Core Viewpoint - CGL.US, a freight forwarding service provider, has reduced the proposed size of its upcoming IPO, now planning to raise $7 million by issuing 1.8 million shares at $4 each, a 53% decrease from the previously planned issuance of 3.8 million shares [1] Company Overview - CGL.US is headquartered in Hong Kong and offers a range of freight forwarding services, including sea and air freight forwarding, railway transportation agency, customs clearance, container and vehicle transportation, cargo distribution, consolidation arrangements, large freight projects, and logistics services [1] - The company was established in 1999 and has seven subsidiaries located in major port cities in China, including Shenzhen, Guangzhou, Xiamen, Shanghai, Ningbo, Qingdao, and Beijing [1] Financial Performance - For the 12-month period ending March 31, 2025, the company reported revenue of $38 million [1] - The revised market capitalization of the company is approximately $67 million following the adjustment in the IPO size [1] IPO Details - CGL.US plans to list on NASDAQ under the ticker symbol CGL, with Revere Securities acting as the exclusive underwriter for the transaction [1]
香港货运代理服务商华洋航运(CGL.US)大幅下调IPO融资规模至700万美元