Tracx Logis Ltd (TRCX) Announces November 12th IPO

Tracx Logis Ltd (TRCX) expects to raise $20 million in an IPO on Thursday, November 12th, IPO Scoop reports. The company will issue 1,000,000 shares at a price of $18.00-$22.00 per share.

In the last 12 months, Tracx Logis Ltd generated $131.21 million in revenue and had a net loss of $51 million. The company has a market cap of $323.71 million.

Roth Capital Partners acted as the underwriter for the IPO and CO-Managers<, strong><, td>

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Tracx Logis Ltd provided the following description of their company for its IPO: “(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 June 30, 2026. (Note: Tracx Logis Ltd. cut its small IPO’s size to 1 million shares – down from 1.5 million shares originally – and kept the price range at $18.00 to $22.00 – to raise $20 million, if priced at $20.00, the mid-point of its range. Roth Capital is the sole book-runner; Revere Securities is no longer involved in the iPO. Background: Tracx Logis Ltd. filed its F-1/A on Sept. 15, 2026, and disclosed the terms for its IPO: 1.5 million shares at a price range of $18.00 to $22.00 to raise $30 million.)       “.

Tracx Logis Ltd was founded in 2011 and has 632 employees. The company is located at 5A Toh Guan Road East, #06-03, CWT Jurong East Logistics Centre, Singapore, 608830 and can be reached via phone at +65 6661 9100 or on the web at https://www.Tracxlogis.com/.