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23-09-2021, 08:08 AM
Bloomberg Published on Wed, Sep 22, 2021 / 7:41 PM GMT+8 / Updated 12 hours ago
Qxpress Pte, a pan-Asia cross-border logistics company whose investors include a firm backed by Peter Thiel, is weighing an initial public offering in the U.S. as soon as next year
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The Singapore-based company, which offers delivery, warehousing and cargo shipping services, is working with Deutsche Bank AG and Goldman Sachs Group Inc. on the potential first-time share sale
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A listing in New York could value Qxpress from US$500 million ($675.8 million) to US$1 billion
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A listing would see Qxpress join other Singaporean startups including Carousell Pte, PropertyGuru Pte and Grab Holdings Inc. in planning to go public in the U.
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Qxpress started in 2011 as the logistics arm of online marketplace Qoo10. Now an affiliate of Qoo10, the cross-border logistics and fulfilment platform has expanded to work with other logistics companies and operates in markets including South Korea, Japan, China, India and Southeast Asia.
Qoo10 and Qxpress founder Ku Young Bae is a serial entrepreneur who started South Korean e-commerce pioneer Gmarket in 2000 before he founded Qoo10 and Qxpress in Singapore.
https://www.theedgesingapore.com/news/ip...lls-us-ipo
Qxpress Pte, a pan-Asia cross-border logistics company whose investors include a firm backed by Peter Thiel, is weighing an initial public offering in the U.S. as soon as next year
......
The Singapore-based company, which offers delivery, warehousing and cargo shipping services, is working with Deutsche Bank AG and Goldman Sachs Group Inc. on the potential first-time share sale
......
A listing in New York could value Qxpress from US$500 million ($675.8 million) to US$1 billion
......
A listing would see Qxpress join other Singaporean startups including Carousell Pte, PropertyGuru Pte and Grab Holdings Inc. in planning to go public in the U.
......
Qxpress started in 2011 as the logistics arm of online marketplace Qoo10. Now an affiliate of Qoo10, the cross-border logistics and fulfilment platform has expanded to work with other logistics companies and operates in markets including South Korea, Japan, China, India and Southeast Asia.
Qoo10 and Qxpress founder Ku Young Bae is a serial entrepreneur who started South Korean e-commerce pioneer Gmarket in 2000 before he founded Qoo10 and Qxpress in Singapore.
https://www.theedgesingapore.com/news/ip...lls-us-ipo
