ALSCO Pooling (Ticker: 2649 HK) is a Chinese company focusing on shared-use logistics and reusable packaging, primarily serving automotive parts manufacturers. ALSCO manages a network where clients rent durable pallets and crates, with ALSCO handling the storage, cleaning, and distribution.

ALSCO plans to list its H shares on the HKEX on March 9, 2026, planning to offer 20,336,000 shares at a price range of HKD 11.00 to HKD 14.00, raising between HKD 223.70 million and HKD 284.70 million (approximately USD 28.68 million to USD 36.50 million). Based on this pricing, the expected market capitalization at offer is approximately USD 127.40 million to USD 162.14 million.

ALSCO Pooling plans to use the IPO proceeds for research and development, enhancing product capacity, brand promotion, business development, working capital, and strategic acquisitions. The company ranked as the largest provider in the Chinese automotive shared packaging market by 2024 revenue, managing an asset base of approximately 1.5 million reusable containers across 78 warehouses. China Securities (International) Corporate Finance Company Limited is the sponsor for the offering.