What is silk logistics?

Silk Logistics Holdings Limited provides integrated, port-to-door, landside logistics services in Australia. It operates through two segments, Port Logistics and Contract Logistics. The company offers port logistics services, including wharf cartage and warehousing and distribution services.

How much did silk logistics IPO cost?

Shares in Silk Logistics roared higher early on Friday afternoon, after raising $70 million in an IPO, valuing the “port-to-door” tech business at $181.2 million. The Melbourne-based company was priced at $2 a share and immediately popped 20 per cent once trading began to $2.41 before closing the Friday session at $2.50

Who owns silk logistics?

The company was formed via the merger of Kagan Logistics and Hoffmann Transport in 2012, and was owned by the now-defunct Gresham Private Equity. In 2014, Silk’s management team teamed up with Rich Lister Tony Gandel’s Gandel Invest to buy the business from Gresham. The management team subsequently bought out Gandel Invest.