Delivery firm Loship eyes US listing

By Dat Nguyen   August 13, 2021 | 09:52 pm PT
Delivery firm Loship eyes US listing
Loship co-founder and CEO Nguyen Hoang Trung. Photo courtesy of Loship.
Delivery startup Loship is seeking to become the first Vietnamese company to list in the U.S. in more than a decade.

It eyes a listing on the New York Stock Exchange by 2024 after breaking even in 18-24 months, its CEO, Nguyen Hoang Trung, told Nikkei Asia.

Loship recently raised $12 million from a group of investors co-led by Ant Group-backed BAce Capital.

The startup distinguishes itself from other competitors by offering one-hour delivery.

Internet company VNG is also reportedly eyeing a U.S. listing by merging with a blank-check company.

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