Hong Kong’s Lalamove Said to Have Filed for $1 Billion U.S. IPO

Hong Kong’s on-demand logistics and delivery firm Lalamove has filed confidentially for a U.S. initial public offering, according to people with knowledge of the matter.

The company, also known as Huolala in China, is looking to raise at least $1 billion in the share sale, the people said. Details of the offering including the fundraising amount are still subject to change depending on investor demand, the people said, asking not to be identified as the information is private.

“The company is paying close attention to capital markets but has no specific timeline and plan for going public,” a representative for ...