From Nasdaq Inc.:

E-commerce logistics provider ShipBob is looking to hire underwriters for a U.S. IPO that could happen this year. Major investment banks, including Goldman Sachs, JPMorgan Chase, Morgan Stanley, Citigroup, Bank of America, and Barclays, have been invited to pitch for underwriter roles.

The IPO could value ShipBob at as much as $4 billion and is slowly recovering after two years of subdued activity in the U.S. IPO market. ShipBob recently appointed a new chief supply chain officer and added a former Grubhub CEO as its first independent board member.

ShipBob raised $200 million at a valuation of more than $1 billion in a private funding round in 2021, led by Bain Capital Ventures. The company also has prominent investors like SoftBank Group, Menlo Ventures, and Y Combinator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



Read more: E-commerce startup ShipBob seeks to hire banks for 2024 IPO -sources