Toppoint Holdings Files for Proposed Initial Public Offering

Toppoint Holdings (TOPP) has submitted a filing for a proposed initial public offering (IPO).

The company positions itself as a provider of truckload services and solutions, concentrating on the recycling export supply chain. It has established a strong presence in the regional trucking market for waste paper in New Jersey and Pennsylvania, capturing approximately 34% of the waste paper export drayage volumes through the ports of New Jersey and around 30% through the ports of Philadelphia, based on data from IHS Markit. Beyond waste paper, Toppoint’s services also cover the transportation of scrap metal and wooden logs from major waste companies, recycling centers, and commodity traders to the ports of Newark, NJ, and Philadelphia, PA. The company is actively expanding both domestically and internationally, having entered the recycling export transport markets of Tampa, Jacksonville, and Miami, FL, as well as Baltimore, MD in 2023, with plans for expansion to Ensenada, Mexico in 2024. Toppoint is also looking to explore international opportunities in Canada, the United Kingdom, and Australia in the near future.

A.G.P. will act as the sole underwriter for the IPO.