Hong Kong Logistics Unicorn GogoX Weighs $400 Million IPO
- GogoX is also mulling going public via SPAC in the U.S.
- Firm competes with bigger rivals Lalamove, Full Truck Alliance
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Hong Kong-based logistics unicorn GogoX is considering an initial public offering that could raise $400 million to $500 million as soon as this year, according to people with knowledge of the matter.
The company is in preliminary discussions with several investment banks about its proposed share sale in Hong Kong, which could value the startup at about $2 billion, said the people, who asked not to be identified as the information is private. GogoX, the on-demand delivery services platform, is also exploring going public by merging with a special purpose acquisition company in the U.S., the people said.