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Technology

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

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.

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