Best Logistics plans to raise US$1 billion in US listings this year

【Global Science and Technology Report】 According to the US "Wall Street Journal" reported on April 11, China's logistics company Best Group plans to go public in the United States this year, the initial public offering (IPO) to raise about $ 1 billion.

Data map

Like Alibaba, the headquarters of Best Logistics is also located in Hangzhou. BES has started to select investment banks on Tuesdays to prepare for the initial September or October IPO. Judging from the current transactions, the Best IPO is likely to become one of the largest listed companies listed in the United States this year. However, BES has not revealed which stock exchange will be chosen.

Since its acquisition by more than a dozen new investors last year, the company has valued more than $3 billion. According to the then BES announcement, new investors included Fuxing International, Softbank China Capital, Alibaba's Cainiao Network and World Bank Private Equity Investment Group International Finance Group.

As we all know, China's logistics companies support the rapid development of China's e-commerce industry. They are highly favored by investors and have attracted billions of dollars in investment. For example, Zhongtong IPO once received US$1.4 billion in financing from Warburg Pincus and Sequoia Capital China. It is the largest transaction of Chinese companies listed in the US following Alibaba.

While Best Logistics was established in 2007, the founder of the company was Zhou Yuning, the co-president of Google China. Since its establishment, the company has achieved rapid development through the establishment of a warehousing and distribution network. Currently, Best has 400 logistics centers in China and warehouses in the United States and Germany. Since 2009, Alibaba has invested in Best Logistics for several times, totaling US$256 million, and buying about 22% of Best shares. This year, the rookie network has raised 165 million U.S. dollars and bought about 5% of its shares. Other shareholders of Best Logistics include Zhou Yuning, Foxconn, and a private equity investment institution of the Goldman Sachs Group. (Internship Compilation: Zhu Xueqing Reviewer: Li Zongze)

Apple Headset Wireless Charger

Qi Certified Charger,Apple Wireless Charger,Apple Watch And Phone Charger,Apple Headset Wireless Charger

wzc , https://www.dg-wzc.com

This entry was posted in on