DLA Piper advises Lakeside on US IPO and listing on Nasdaq

DLA Piper has advised Lakeside Holding Limited (Lakeside) on its initial public offering and listing on the Nasdaq Stock Market. Lakeside commenced trading on Nasdaq on Friday, 28 June 2024 under the ticker ‘LSH’. The Benchmark Company, LLC and Axiom Capital Management Inc are acting as joint book-running managers for the offering.

Lakeside is a US based cross-border supply chain solution provider with a strategic focus on the Asia market, particularly focusing on China and South Korea. Operating under the brand “American Bear Logistics”, the company primarily provides cross-border ocean and airfreight integrated solutions that are specifically customized for its customers’ requirements.

As an Asian American-owned business, Lakeside has deep knowledge and experience of both the US and Asian international trading and logistics service markets. Its customers are typically Asia or US based logistics service companies serving large e-commerce platforms and manufacturers transporting industrial and consumer goods made in Asia into the US.

The transaction was led by US securities partner Yang Ge, with support from consultants Olivia Lai and Yuchen Ni. Yang, Olivia and Yuchen are all based in Beijing and are part of the firm’s Corporate practice. Luke Lu, corporate associate from Kaiman Legal, a PRC firm based in Shanghai, also provided assistance.

Commenting on the transaction, Yang said: “This IPO highlights DLA Piper’s capabilities, coupled with our in-depth knowledge of the global supply chain industry. We have a strong track record of representing both domestic issuers and foreign private issuers in successful US IPOs and Nasdaq listings, and this is yet another example. I am excited to see how Lakeside will develop with further investment.”