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<IPO> Lalamove Parent Lala Tech Files for HKEX IPO
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Lalamove parent Lala Tech has submitted a listing application to HKEX (00388.HK). The joint sponsors are G Sachs, BofAS and JPM. Lala Tech operates globally, conducting business in more than 400 cities across 11 markets worldwide. It is a leading tech-enabled, data-driven logistics transaction platform. Based on closed-loop GTV in 1H22, it ranked as the worlds largest logistics transaction platform. Its total platform revenue increased from USD529 million in 2020 to USD1.036 billion in 2022, representing a CAGR of 39.9%. (ta/w) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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