Ninja Van IPO *Potential* (NYSE)

[Shion]

Ninja Van aiming for US IPO next year, valuation crossed US$1 bil​

https://www.theedgesingapore.com/ne...ng-us-ipo-next-year-valuation-crossed-us1-bil
Delivery company Ninja Van is planning an IPO "a year away", says co-founder Chang Wen Lai in an interview with the Financial Times.

Citing unnamed sources, Ninja Van, with its most recent funding round of US$279 million last year, has hit unicorn status with a valuation of US$1 billion, the paper reported.

The listing is likely to take place in the US.

The company, backers include Facebook's Singapore-based co-founder Eduardo Saverin’s B Capital, is almost break-even and is targeting profitability next year.

Both orders - and revenue - has surged due to strong ecommerce growth.

Daily shipments have grown from 1 million items in May 2020 to 1.7 million in July.

Seven-year-old Ninja Van has 34,000 employees and 1,800 sorting stations.

 

[audiovideo]

Over my dead body

 

[ashethen]

So many competitors, and not even the best or strongest

 

[starbugs]

Another rubbish company. Not anywhere close to being profitable.

 

[skpuppy]

Another rubbish company. Not anywhere close to being profitable.

******* company. Service and reliability like ****. I don’t dare to touch

 

[Shion]

Singaporean logistics start-up Ninja Van raises $783m from investors, including Alibaba​

https://www.straitstimes.com/busine...aises-us578m-from-investors-inlcuding-alibaba

 

[apriliasiao]

Ninjavan go there kanna slaughter. Over there they will be completing with Landstar, Fedex and etc for investors' money. guess it will be like another Reebonz flop.