Updated: May 13
Manbang Group plans to file for an initial public offering on a US stock exchange this week to raise about USD 1.5B. The valuation is expected to be between USD 20B and USD 30B. Manbang Group is a truck-hailing platform that brings shippers together with drivers and fleet operators on one platform. Manbang Group is a merged company between Chinese Uber-like truck logistics unicorns Yunmanman and Huochebang.