Carlyle-backed Chinese logistics firm ANE files for Hong Kon

Carlyle-backed Chinese logistics firm ANE files for Hong Kong IPO


Carlyle-backed Chinese logistics firm ANE files for Hong Kong IPO
Photo by Markus Spiske from Pexels
May 11, 2021
Shanghai ANE Logistics Ltd, a less-than-truckload (LTL) shipping operator, has filed for an initial offering (IPO) on the main board of the Hong Kong Stock Exchange.
The company did not disclose the size of the offering in its IPO filing. According to a February report by Bloomberg, ANE Logistics was mulling a $500 million listing.
ANE Logistics plans to use the IPO proceeds to acquire up to 10 key transit hubs in strategic locations, boost its line-haul truck fleet, develop its technology further and meet working capital requirements.

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