ETS IPO NEWS – Delivery service provider last Mile Elite Express Holding Files and defines conditions for an IPO of 16 million dollars

Elite Express Holding, which provides last mile delivery services in California, filed the dry on Monday to collect up to $ 16 million in a first public call to public.

The company based in Laguna Hills, California, plans to raise $ 16 million by offering 4 million shares at $ 4. At the proposed price, Elite Express Holding would grant a market value of $ 68 million.

Thanks to its subsidiary Jar Transportation in exclusive ownership, the company specializes in the delivery services of the last Mile in California. His main company focuses on the delivery of the packages recovered from distribution centers. The Elite Express fleet consists of about 20 trucks and trailers, and its designated service area covers more than 1,600 square miles. The company ends between 1,000 and 1,700 stops per day on average, facilitating the collection and delivery of around 1,200 to 2,000 packages.

Elite Express Holding was founded in 2020 and reserved $ 3 million in revenue for the 12 months enclosed on February 28, 2025. He plans to list on the Nasdaq under the symbol. The company has deposited confidentially on February 20, 2025. Dominari Securities and Revere Securities are the spouses of books on the agreement.