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<IPO>Lalamove's Parent LALATECH Reapplies for HK Listing; Adj. Profit Surges 27.4% in 1H25
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LALATECH, the logistics trading platform operating under the Lalamove brand, has resubmitted a listing application to the Hong Kong Stock Exchange, with Goldman Sachs, BofA Securities, and JPMorgan acting as its joint sponsors. It is expected that the company will adopt a weighted voting rights structure for the listing. According to its updated preliminary prospectus data, for 1H ended June 30, 2025, LALATECH's non-IFRS adjusted profit grew by 27.4% to USD272 million. LALATECH conducted multiple financing rounds in 2014-21, attracting renowned investors like TENCENT (00700.HK), BANK OF CHINA (03988.HK)'s Legend Venture Limited, and PING AN (02318.HK). AAStocks Financial News |
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