Tracx Logis Ltd
| General Information | |
| Business: | (Incorporated in the British Virgin Islands)We are a Singapore company that provides cross-border logistics services.to e-commerce companies, small manufacturers and shippers in Asia. We are a technology-driven provider of integrated cross-border logistics services. We operate two core businesses, our e-Commerce Logistics services and our Enterprise Logistics services. Our vision is to overlay the latest technology and smart systems, including artificial intelligence (AI), to traditional shipping, logistics and fulfillment services to provide efficient, reliable and cost-effective cross-border e-commerce and enterprise logistics services. We seek to provide cost-efficient and innovative services for large merchants and manufacturers as well as for smaller customers, including e-commerce merchants, smaller manufacturers and individual shippers. Our technology-driven solutions bring together our customers, small or large, with our long-standing vendors, including first mile, last mile, middle mile and warehouse and customs partners in Asia and throughout the world. We utilize an asset-light business model to minimize ownership or long-term lease of physical facilities and equipment, and rely on our business process know-how and our technologies to collaborate with our partners and vendors to provide our services seamlessly. In 2024, we faced significant liquidity and going concern issues largely driven by a significant liquidity crisis of our then parent company, Qoo10 Pte. Ltd. and its Korean businesses conducted as Tmon, WeMakePrice and Interpark Commerce, which were Korean companies that Qoo10 acquired in 2022 and 2023. As a result, we wrote off S$47.0 million of receivables and loans due from Qoo10 and its affiliates in 2024 as we determined that we were highly unlikely to collect from them.Note: Net loss and revenue are in U.S. dollars for the 12 months that ended on Dec. 31, 2025.(Note: Tracx Logis Ltd. filed its F-1/A on Sept. 15, 2026, and disclosed the terms for its small IPO: 1.5 million shares at a price range of $18.00 to $22.00 to raise $30 million.)
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| Industry: | TRUCKING & COURIER SERVICES (NO AIR) |
| Employees: | 632 |
| Founded: | 2011 |
| Contact Information | |
| Address | 5A Toh Guan Road East, #06-03, CWT Jurong East Logistics Centre, Singapore, 608830 |
| Phone Number | +65 6661 9100 |
| Web Address | https://www.Tracxlogis.com/ |
| View Prospectus: | Tracx Logis Ltd |
| Financial Information | |
| Market Cap | $343.71mil |
| Revenues | $131.0 mil (last 12 months) |
| Net Income | $-1.3 mil (last 12 months) |
| IPO Profile | |
| Symbol | TRCX |
| Exchange | NASDAQ |
| Shares (millions): | 1.5 |
| Price range | $18.00 - $22.00 |
| Est. $ Volume | $30.0 mil |
| Manager / Joint Managers | Roth Capital Partners/Revere Securities |
| CO-Managers | |
| Expected To Trade: | |
| Status: | TBA |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |