58 Freight, an operator of transportation platforms such as GOGOX and Kuaigou Dache, is set to conduct the listing hearing for the proposed Hong Kong IPO with the Stock Exchange within this week, reported foreign media, citing people familiar with the matter. The company is aiming to raise USD400-500 million through the proposed listing.
According to preliminary prospectus, 58.com, the major shareholder of the 58 Freight, owns a stake of about 51.2% in the company prior to the listing of its shares, with BABA-SW (09988.HK)'s Taobao China, Cainiao and investment fund AHKEF, holding a total stake of about 15.99%.
According to preliminary prospectus, 58.com, the major shareholder of the 58 Freight, owns a stake of about 51.2% in the company prior to the listing of its shares, with BABA-SW (09988.HK)'s Taobao China, Cainiao and investment fund AHKEF, holding a total stake of about 15.99%.
