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Lakeside Holding Limited - LSH STOCK NEWS

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Lakeside Holding Limited (LSH), headquartered in Itasca, IL, is a pioneering U.S.-based integrated cross-border supply chain solution provider. The company strategically focuses on the Asian market, including China and South Korea. Lakeside Holding operates under the brand American Bear Logistics, offering customized cross-border ocean freight and airfreight solutions that precisely cater to the needs of its clientele in transporting goods into the United States.

As an Asian American-owned business with deep roots in the U.S., Lakeside Holding Limited boasts an extensive understanding of both U.S. and Asian international trading and logistics service markets. The company's unique position enables it to bridge the gap between these two major economic regions, facilitating seamless trade and logistics operations.

The primary customers of Lakeside Holding Limited are logistics service companies based in Asia and the U.S. These companies serve large e-commerce platforms, social commerce platforms, and manufacturers, aiding in the sale and transportation of consumer and industrial goods produced in Asia into the U.S. This client base underscores the company's critical role in global commerce, ensuring efficient and reliable transportation solutions for a variety of goods.

With a commitment to excellence, Lakeside Holding Limited continues to expand its services and develop innovative logistics solutions. These efforts have cemented its reputation as a trusted partner in the international supply chain, contributing to the global flow of goods and fostering stronger economic ties between Asia and the United States.

Lakeside Holding Limited's recent achievements and current projects highlight its dedication to staying ahead in the competitive logistics industry. By consistently meeting and exceeding customer expectations, the company remains a key player in the cross-border supply chain landscape.

For the latest updates and in-depth information about Lakeside Holding Limited, please stay tuned to this page, which features the most recent news and developments about the company.

Rhea-AI Summary

Lakeside Holding (Nasdaq: LSH), a U.S.-based cross-border supply chain solutions provider focusing on the Asian market, has closed its upsized initial public offering (IPO) of 1,500,000 shares at $4.50 per share, raising $6.75 million in gross proceeds. The underwriters have been granted a 30-day option to purchase an additional 225,000 shares to cover over-allotments. Shares began trading on June 28, 2024, on Nasdaq under the ticker symbol 'LSH'.

Net proceeds will be used to bolster cross-border supply chain capabilities, marketing to grow the customer base, strategic investments, potential mergers and acquisitions, and general corporate purposes.

The Benchmark Company, and Axiom Capital Management acted as joint book-running managers, while DLA Piper UK LLP and Sheppard Mullin Richter & Hampton LLP provided legal counsel.

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Rhea-AI Summary

On June 27, 2024, Lakeside Holding , a U.S.-based integrated cross-border supply chain solution provider, announced the pricing of its initial public offering (IPO). The IPO involves 1,500,000 shares of common stock priced at $4.50 per share, totaling $6.75 million in gross proceeds before underwriting discounts and expenses. The company has also granted a 30-day option to underwriters for an additional 225,000 shares to cover over-allotments.

Trading on the Nasdaq Capital Market under the ticker symbol 'LSH' is scheduled to begin on June 28, 2024, with the offering expected to close around July 1, 2024. The Benchmark Company, , and Axiom Capital Management, Inc. are the joint book-running managers for the IPO. A registration statement on Form S-1 was declared effective by the SEC on June 27, 2024.

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FAQ

What services does Lakeside Holding Limited provide?

Lakeside Holding Limited offers customized cross-border ocean freight and airfreight solutions, focusing on transport from Asia to the U.S.

Which markets does Lakeside Holding Limited primarily serve?

The company primarily serves the Asian market, including China and South Korea, and facilitates the transport of goods into the U.S.

Who are the main customers of Lakeside Holding Limited?

The main customers are logistics service companies in Asia and the U.S., which serve e-commerce and social commerce platforms, as well as manufacturers.

What brand does Lakeside Holding Limited operate under?

Lakeside Holding Limited operates under the brand American Bear Logistics.

What sets Lakeside Holding Limited apart in the logistics industry?

Its deep understanding of both U.S. and Asian markets and ability to bridge the gap between these regions sets it apart.

Where is Lakeside Holding Limited headquartered?

The company is headquartered in Itasca, IL, U.S.A.

Is Lakeside Holding Limited an American-owned company?

Yes, it is an Asian American-owned business.

What types of goods does Lakeside Holding Limited specialize in transporting?

The company specializes in transporting consumer and industrial goods made in Asia into the U.S.

How does Lakeside Holding Limited contribute to global commerce?

By providing efficient and reliable logistics solutions, it facilitates the seamless movement of goods between Asia and the U.S., fostering stronger economic ties.

What recent achievements has Lakeside Holding Limited accomplished?

The company continues to expand its services and develop innovative logistics solutions, maintaining its competitive edge in the industry.

Lakeside Holding Limited

Nasdaq:LSH

LSH Rankings

LSH Stock Data

25.61M
7.50M
Integrated Freight & Logistics
Industrials
Link
United States of America
Itasca