Hong Kong logistics service provider Speed Group Holdings (SPED.US) has submitted an IPO application to the US stock market, aiming to raise $11 million.

Zhtng Cijng APP learned that the Hong Kong cross-border freight forwarding and logistics service provider, Speed Group Holdings, has submitted an IPO application to the US 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.