Shengfeng Development Limited Announces Closing of Initial Public Offering
FUZHOU, China, April 4, 2023 /PRNewswire/ — Shengfeng Development Limited (Nasdaq: SFWL) (the “Company” or “Shengfeng”), a contract logistics company in China providing customers with integrated logistics solution services, today announced the closing of its initial public offering (the “Offering”) of 2,400,000 Class A ordinary shares at a public offering price of US$4.00 per Class A ordinary share. The Class A ordinary shares began trading on the Nasdaq Capital Market on March 31, 2023 under the ticker symbol “SFWL.”
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