Hong Kong logistics service provider Speed Group Holdings (SPED.US) has filed for a US IPO, aiming to raise $11 million.

Hong Kong cross-border freight forwarding agent and logistics service provider Speed Group Holdings has submitted an IPO application to the U.S. Securities and Exchange Commission. The company plans to issue 2.5 million shares of stock at a price of $4 to $5 per share, raising $11 million. Based on the midpoint of the proposed range, Speed Group Holdings' market value will reach $79 million. Speed Group Holdings, through its subsidiary Speed Logistics, offers e-commerce logistics, freight forwarding, and on-demand warehouse and delivery services in North America, Asia, and Europe. Its clients are primarily online shopping platforms, with suppliers including multinational airlines and express service companies. The company's largest client contributed approximately 82% of its revenue in the 25 fiscal year. Founded in 2021, the company had revenue of $23 million in the 12 months ending June 30, 2025. The company plans to list on Nasdaq under the ticker symbol SPED. Speed Group Holdings submitted a confidential filing on March 28, 2025. R.F. Lafferty & Co. is the sole book-running manager for this transaction.