Jayud World Logistics (JYD), a supplier of cross-border logistics providers in China, has filed to lift $12M by means of a US preliminary public providing.

Jayud did not specify in its submitting the scale or value of the deal, however indicated in its submitting payment schedule that it was seeking to elevate round $12M. Benchmark is serving as lead bookrunner.

The corporate hopes to record its shares on Nasdaq beneath the image JYD.

Included within the Cayman Islands, Jayud is predicated in Shenzhen, which is a part of the Better Bay Space financial hub that additionally consists of Guangdong, Hong Kong and Macao.

Jayud has been working within the black. For the six-month interval ended June 30, the corporate reported web earnings of $1.4M on income of $67.7M.

Fellow Chinese language logistics firm Shengfeng (SFWL) can be looking for a US itemizing. The corporate just lately downsized its IPO by 46% to $14M.