ShipBob Picks JPMorgan to Lead IPO As Soon As Late 2024 (1)

E-commerce fulfillment service provider ShipBob Inc. has chosen JPMorgan Chase & Co. to lead its planned initial public offering, people familiar with the situation said.

Chicago-based ShipBob has also tapped Citigroup Inc. as part of the syndicate, the people said, asking not to be identified as the information is private. A listing may take place as soon as late this year and could value the company at about $4 billion, they said.

Details such as the IPO timing and valuation of the company may still change, the people said. A representative for ShipBob didn’t respond to requests for comment. Representatives ...