11:42 AM EDT, 10/15/2025 (MT Newswires) -- Smart Logistics Global (SLGB) shares rose 3.6% in their Nasdaq debut on Wednesday after the Hong Kong-based logistics company priced its initial public offering at $5 a share.

The offering of 1 million ordinary shares raised $5 million. Underwriters have a 45-day option to purchase up to an additional 150,000 shares to cover overallotments,

The offering is expected to close Thursday.

Smart Logistics said half of the proceeds will be for infrastructure investments, 30% for working capital, and 20% for research and development.

Price: 5.18, Change: +0.18, Percent Change: +3.60