May 23 - Lalamove, a U.S.-based logistics company, has submitted confidential paperwork for an initial public offer to the U.S. regulators, Bloomberg reported on Wednesday, citing people with knowledge of the matter. https: bloom.bg 2 SPImol
The company, known in China as Huolala is seeking to raise the offer at least $1 million through the IPO, according to the report.
Lalamove has not responded to a Reuters request for comment immediately.
Lalamove was founded in 2013 as a mobile app-based on-demand delivery service and started its operations in the Dallas-Fort Worth area in October 2013. It also has operations in Houston and Chicago, according to its website.
It was operating in 21 markets across Dallas before launching to Asia and Latin America.
As of October 2013, the company has more than 7 million users with a pool of over 700,000 delivery partners.