All-Link Air & Sea Limited has successfully launched its trading on the Singapore Exchange (SGX) Mainboard on 5 August 2026, under the ticker symbol “ALK”, following its initial public offering (IPO). The company raised approximately S$20.1m, with the IPO comprising 35,824,500 shares through placement and 2,100,000 shares via public offer, priced at S$0.53 each.
The logistics solutions provider, headquartered in Singapore, plans to use the proceeds to expand its operations across ASEAN, focusing on Vietnam and Thailand. The company has a call option over a 30% interest in All-Link Vietnam, which it expects to exercise within a year. The expansion is part of All-Link’s strategy to diversify its customer base, which saw a significant shift with TikTok Group’s revenue contribution dropping from 98% in FY2024 to 45.4% in FY2025, whilst a new US-listed tech customer accounted for 33.6%.
All-Link’s CEO, Peter Neo, expressed optimism about the company’s growth prospects, stating, “We are heartened by the confidence investors have placed in All-Link… The proceeds from this listing will allow us to deepen our network, invest in our digital capabilities and pursue opportunities that build long-term value.”
The company also plans to enhance its presence in Malaysia and the Philippines, which together contributed 9.6% of FY2025 revenue, up from negligible levels previously. All-Link’s asset-light model and strategic partnerships, such as the Non-Compete and Collaboration Deed with All-Link PRC, are expected to support its growth in the evolving trade landscape.
