China-based ForU Worldwide files for $100M IPO in US

ForU Worldwide, a digital freight transportation company based in China commonly known as Fuyou Trucks (Fuyou Kache), on Thursday filed with the Securities and Exchange Commission for an initial public offering that could raise up to $100 million. The company was founded in 2015 and booked $622 million in revenue in the 12 months prior to March, 31.

ForU plans to list on the Nasdaq under the symbol FOYO.

The company uses algorithms that have been developed with deep learning techniques that cover...

https://s29755.pcdn.co/news/china-based-foru-worldwide-files-for-100m-ipo-in-us

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