Teleport Seeks Private Capital for Growth Before IPO

Capital A's logistics business, Teleport, is also aggressively pursuing private capital to finance its ambitious growth plans before a possible initial public offering (IPO). The firm is looking to substantially increase its parcel handling capacity, reaching two million packages a day by the fourth quarter of 2025. To meet this target, Teleport intends to introduce seven air freighters to its fleet by taking advantage of its asset-light structure to optimize excess air-freight capacity. CEO Pete Chareonwongsak reinforced that though adding more planes is viable owing to the oversupply of the market, the finance needs a problem still. Teleport previously raised ample amounts of money and today aims to have enduring expansion for preparations of its prosperous IPO. Teleport's planned growth is in a position to claim considerable traction in Southeast Asia's rising air e-commerce space. 

Source: Bloomberg