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Ipos overview

Speed Group Holdings Ltd (SPED)


Company Overview

Proposed Symbol SPED
Company Name Speed Group Holdings Ltd
Exchange
Share Price $
Employees 10 (as of 06/30/2025)
Status
Shares Offered
Offer amount $14,375,000
Shares Over Alloted
Company Address OFFICE D, 19/F, EGL TOWER 83 HUNG TO ROAD KWUN TONG 000
Company Phone (852) 3460 5313
Company Website www.slghk.com/en
CEO Jinruo Zhang
State of Inc
Fiscal Year End 12-31
Total Offering Expense $1,230,035.00
Shareholder Shares Offered
Shares Outstanding 17,500,000
Lockup Period (days) 180
Lockup Expiration
Quiet Period Expiration
CIK 0002047859
DealId 1355518-115927

Company Description

We are a holding company incorporated in the Cayman Islands. Our ordinary shares offered in this prospectus are shares of our Cayman Islands holding company. As a holding company with no material operations of our own, we conduct our business through our operating subsidiary in Hong Kong. We own 100% equity interest of all our subsidiaries and do not have a variable interest entity, or VIE, structure. Our operating subsidiary, Speed Logistics, is an emerging e-commerce logistics provider providing end-to-end logistics solution in Hong Kong, Europe and North America. Our mission is to combine our experience, knowledge, and network with flexibility and agility to provide a one-stop logistics solution to customers and enterprises. We are providing logistics services, primarily, to e-commerce client(s), shipping small parcels from Hong Kong to end nodes in Europe and North America. The services packages include warehousing, customs clearance, air transportation, and final delivery from the European airports, and to the end node clients’ addresses. As an e-commerce logistics provider, we provide integrated cross-border logistics services from Hong Kong to Europe and North America, where we provide customers with a one-stop solution, from parcel consolidation to Freight forwarding services forwarding, customs clearance, on-carriage parcel transportation, and delivery. We rely on our own proprietary all-in-one shipping solution, which has been or can be connected to the customer’s own IT systems (such as enterprise resource planning (ERP) systems, customer relationship management (CRM) systems or booking management systems,) on one end and the transportation management systems (TMS) of our ground transportation service providers on the other end, to facilitate effective logistics management. --- Other than integrated cross-border logistics services, we also provide fragmented logistics services, which typically include freight forwarding services, to customers and enterprises at their own choice. Furthermore, we provide on-demand warehousing and/or delivery services for customers. For the years ended June 30, 2024 and 2025 our revenues are $17,896,187 and $22,644,793, respectively, the revenue generated are mainly from 2 customers, which accounted for 92.38% and 97.65% of the total consolidated revenues the years ended June 30, 2024 and 2025. We acknowledge that our high reliance on a single customer presents a customer concentration risk, and we are actively working to diversify our customer base by expanding sales channels and acquiring new customers to reduce dependency on any one customer. We are continuously improving our supply chain construction, we have over 20 Freight forwarding services routes, covering 4 continents as at the date of this prospectus. Our mission is to combine our experience, knowledge, and network with flexibility and agility to provide a one-stop logistics solution to customers and enterprises. We are providing logistics services, primarily, to e-commerce client(s), shipping small parcels from Hong Kong to end nodes in Europe and North America. The services packages include warehousing, customs clearance, air transportation, and final delivery from the European airports, and to the end node clients’ addresses. As an e-commerce logistics provider, we provide integrated cross-border logistics services from Hong Kong to Europe and North America, where we provide customers with a one-stop solution, from parcel consolidation to Freight forwarding services forwarding, customs clearance, on-carriage parcel transportation, and delivery. We rely on our own proprietary all-in-one shipping solution, which has been or can be connected to the customer’s own IT systems (such as enterprise resource planning (ERP) systems, customer relationship management (CRM) systems or booking management systems,) on one end and the transportation management systems (TMS) of our ground transportation service providers on the other end, to facilitate effective logistics management. --- Our principal executive offices are located at Office D, 19/F, EGL Tower, 83 Hung To Road, Kwun Tong, Kowloon, Hong Kong. Our telephone number at this address is +852 3460-5311. Our registered office in the Cayman Islands is located at the offices of Ogier Global (Cayman) Limited, 89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands. Our agent for service of process in the United States is Puglisi & Associates located at 850 Library Avenue, Suite 204, Newark, Delaware 19711. Investors should contact us for any inquiries through the address and telephone number of our principal executive offices. Our website is https://slghk.com/en/.