Logistics startup Lalatech files application for Hong Kong IPO – Reuters

// Hong Kong-based on-demand logistics startup Lalatech Holdings Limited, backed by Hillhouse and Sequoia Capital, has submitted an application to the Hong Kong stock exchange for an initial public offering (IPO). Lalatech, which operates in more than 400 cities in 11 markets globally and aims to promotes the digitisation of freight transactions, turned profitable in 2022 for the first time since its inception, with adjusted profit of $53.2 million. https://www.reuters.com/markets/deals/logistics-startup-lalatech-files-application-hong-kong-ipo-2023-03-29/ //