TracX Logis Pte. Ltd. Filed Primary

What the company does

Tracx Logis Pte. Ltd. is a technology-driven, integrated cross-border logistics services provider operating two core businesses: e-Commerce Logistics services and Enterprise Logistics services. The company seeks to overlay technology and smart systems, including artificial intelligence, onto traditional shipping, logistics and fulfillment services to provide cross-border logistics to large merchants and manufacturers as well as smaller customers. It uses an asset-light business model and relies on its in-house developed Tracx Logis Processing System (TLPS) platform, which includes a warehouse management system and a smart inventory management system, to connect customers with vendors across first mile, last mile, middle mile and warehouse and customs partners in Asia and globally.

Use of proceeds

We expect that we will receive net proceeds of approximately $[ ] million from this offering, assuming an initial public offering price of $[ ] per ordinary share, which is the midpoint of the estimated range of the initial public offering price, after deducting underwriting discounts and commissions and estimated offering expenses payable by us. We intend to use the net proceeds from this offering for (i) the expansion and technological enhancement of our core e-Commerce and logistics platforms, (ii) routine maintenance capital expenditures across our regional fulfillment centers, and (iii) general corporate purposes, which may include potential opportunistic strategic investments or acquisitions, although we have not identified any specific investments or acquisition opportunities at this time.

Underwriters

Extracted from F-1 0001213900-26-082242, filed Jul 28, 2026 and verified against that filing text.

Key risk factors

• PRC and Hong Kong regulatory risk

  “Although we are a Singapore incorporated company and the majority of our operations are not in the PRC and Hong Kong, we are exposed to legal and operational risks associated with our operations in the PRC and Hong Kong.”

• PRC government influence and intervention

  “The PRC government has significant authority to exert influence on the ability of a company with operations in the PRC and Hong Kong, including us, to conduct its business, and may intervene with or influence our operations in the PRC and Hong Kong as the government deems appropriate to further regulatory, political and societal goals.”

• Filing Measures implementation uncertainty

  “As the Filing Measures are relatively new, there exists uncertainty with respect to the further implementation and interpretation of the principle of “substance over form.””

• PRC cybersecurity, data privacy and anti-monopoly uncertainty

  “As PRC laws and regulations in these areas are evolving, there remain uncertainties as to the interpretation, application and enforcement of existing and future laws, regulations, rules and implementation measures, including whether and how such laws, regulations and regulatory developments would apply to us, and the potential impact they will have on our daily business operation in the PRC, our ability to accept foreign investments, and our ability to offer or continue to offer securities to investors on a U.S. or other foreign securities exchange, and list or continue to maintain our listing on a U.S. or other foreign exchanges.”

• VIE in Indonesia

  “We do not have any variable interest entities (“VIEs”) in China or in any other jurisdiction, except in Indonesia where we have one entity accounted for as a VIE.”