All-Link Air & Sea Limited has lodged its preliminary prospectus with the Monetary Authority of Singapore, marking a significant step towards its proposed initial public offering (IPO) on the Mainboard of the Singapore Exchange. The company, a freight forwarder originating from ASEAN, has appointed CGS International Securities Singapore Pte. Ltd. as the issue manager, underwriter, and placement agent for the offering.
The final prospectus will be available upon the offering’s launch, detailing the application process for potential investors. Interested parties can access the prospectus via the MAS website or request a copy from CGS International Securities during office hours.
All-Link’s financial trajectory has been notable, with revenue skyrocketing from US$4.8m in FY2023 to US$71.5m in FY2024, largely due to its partnership with TikTok as a logistics partner for US-bound cargo. By FY2025, the company diversified its client base, reducing reliance on TikTok from 98% to 45.4% and securing a global technology company as a new anchor client, contributing 33.6% of its revenue.
The company is poised for further growth, with net working capital increasing from US$2.9m to US$16m between FY2023 and FY2025. Its expansion strategy focuses on Vietnam and Thailand, leveraging its expertise in the logistics “coordination layer” across the ASEAN–China–US trade corridor.
Led by experienced logistics professionals, All-Link aims to strengthen its market position and financial stability through this IPO. The move is expected to bolster its ASEAN expansion plans and enhance its service offerings in the logistics sector.
