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FBS Global (NASDAQ: FBGL), a Singapore-based green building contractor, has announced the pricing of its initial public offering. The company is offering 2,250,000 ordinary shares at $4.50 per share, aiming to raise $10,125,000 in gross proceeds before deducting underwriting discounts and expenses.
Trading of shares began on the Nasdaq Capital Market on February 6, 2025, under the symbol 'FBGL'. The company has granted underwriters a 45-day option to purchase up to 337,500 additional shares (15% of the offering) to cover over-allotments. WallachBeth Capital is serving as the Sole Book-Running Manager, with Revere Securities as Co-Manager. The offering is expected to close on February 7, 2025, subject to customary conditions.
FBS Global (NASDAQ: FBGL), a Singapore-based green building contractor, has announced the pricing of its initial public offering. The company is offering 2,250,000 ordinary shares at $4.50 per share, aiming to raise $10,125,000 in gross proceeds before deducting underwriting discounts and expenses.
The company has granted underwriters a 45-day option to purchase up to 337,500 additional shares (15% of the offering) at the public offering price to cover potential over-allotments. Trading begins on the Nasdaq Capital Market on February 6, 2025, under the symbol 'FBGL'. The offering is expected to close on February 7, 2025. WallachBeth Capital serves as the sole book-running manager.
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