03:42 AM EDT, 10/15/2025 (MT Newswires) -- Smart Logistics Global (SLGB) said late Tuesday it priced an initial public offering of 1 million ordinary shares at $5 each for gross proceeds of $5 million.

The shares are expected to begin Nasdaq trading Wednesday under the ticker symbol "SLGB." The offering is expected to close Thursday.

Smart Logistics, a business-to-business contract logistics firm, said it has granted underwriters a 45-day option to purchase up to 150,000 additional shares.

The company intends to use half of the proceeds from the offering for infrastructure investments and the rest for working capital and research and development.