Chinese trucking company Haoxin Holdings (HXHX) has filed to conduct a $15M US initial public offering.
Haoxin plans to offer 3M ordinary shares priced between $4 and $6, which would raise $15M if priced at the midpoint. Underwriters would receive a 45-day option to buy up to 450K additional shares.
The company is seeking to list its shares on Nasdaq under the symbol HXHX. Univest Securities is serving as lead bookrunner, according to its filing.
Incorporated in the Cayman Islands, Haoxin operates through subsidiaries in China. The company is a provider of controlled temperature trucking and urban delivery services.
Haoxin is profitable. For the six-month period ended June 30, the company posted net income of $1.4M on net revenue of $11.8M.
Haoxin isn’t the only Chinese transportation company seeking a US listing. Last month, logistics services provider Shengfeng Development (SFWL) set terms for a $25M IPO.