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recently, the long-dormant food delivery logistics market suddenly received a piece of news: shansong, a well-known food delivery logistics company, is going to go public on the us stock market. with 2.7 million riders and a profit of over 100 million yuan in half a year, can shansong be considered promising? how should we view shansong's path to going public?

1. shansong is rushing to list on the us stock market

according to 21st century business herald, the u.s. securities and exchange commission (sec) officially disclosed the prospectus submitted by shunfeng express, which plans to be listed on the nasdaq with the stock code "flx".

shansong was founded in 2013 and has 1,033 employees as of the first half of 2024. shansong said that the funds raised from the ipo will be used to expand its customer base and increase market penetration, as well as to build its brand image and invest in technology and research and development.

the prospectus shows that shunfeng's revenue from 2021 to 2023 will be 3.04 billion yuan, 4.003 billion yuan and 4.529 billion yuan respectively, with corresponding gross profits of 189 million yuan, 259 million yuan and 395 million yuan respectively. the gross profit margin will increase from 6.2% in 2021 to 8.7% in 2023.