Vietnam delivery startup Loship strives for rare US IPO

Investor demand has been driving Southeast Asian companies to record valuations

Vietnam delivery startup Loship dreams of listing in the U.S., a goal that has proved elusive for Southeast Asia's tech giants. © Loship

LIEN HOANG, Nikkei staff writer

August 13, 2021 12:08 JST

HO CHI MINH CITY -- Delivery startup Loship aims to become the first Vietnamese company to list on a U.S. stock exchange in more than a decade, its CEO told Nikkei Asia, demonstrating the kind of ambition that international investors are stoking as they scour the region for deals.

Fresh off a $12 million funding round co-led by Ant Group-backed BAce Capital, Loship said it hopes to debut on the New York Stock Exchange by 2024, after reaching profitability in 18 to 24 months.