WallachBeth Announces Pricing Of FBS Global Initial Public Offering
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), un imprenditore di costruzioni verdi con sede a Singapore, ha annunciato il prezzo della sua offerta pubblica iniziale. L'azienda offre 2.250.000 azioni ordinarie a 4,50 $ per azione, mirando a raccogliere 10.125.000 $ in proventi lordi prima di dedurre sconti e spese di sottoscrizione.
La negoziazione delle azioni è iniziata sul Nasdaq Capital Market il 6 febbraio 2025, sotto il simbolo 'FBGL'. L'azienda ha concesso ai sottoscrittori un'opzione di 45 giorni per acquistare fino a 337.500 azioni aggiuntive (15% dell'offerta) per coprire sovrallocazioni. WallachBeth Capital funge da Sole Book-Running Manager, con Revere Securities come Co-Manager. Si prevede che l'offerta si chiuda il 7 febbraio 2025, soggetta a condizioni consuete.
FBS Global (NASDAQ: FBGL), un contratista de construcción ecológica con sede en Singapur, ha anunciado el precio de su oferta pública inicial. La empresa está ofreciendo 2,250,000 acciones ordinarias a $4.50 por acción, con el objetivo de recaudar $10,125,000 en ingresos brutos antes de deducir descuentos y gastos de suscripción.
La negociación de las acciones comenzó en el Nasdaq Capital Market el 6 de febrero de 2025, bajo el símbolo 'FBGL'. La empresa ha otorgado a los suscriptores una opción de 45 días para comprar hasta 337,500 acciones adicionales (15% de la oferta) para cubrir sobreasignaciones. WallachBeth Capital actúa como el Gerente de Libro Principal, con Revere Securities como Co-Gerente. Se espera que la oferta cierre el 7 de febrero de 2025, sujeta a condiciones habituales.
FBS Global (NASDAQ: FBGL), 싱가포르에 본사를 둔 친환경 건설 계약자가 초기 공개 제안 가격을 발표했습니다. 회사는 2,250,000주 보통주를 주당 $4.50에 제공하여, $10,125,000의 총 수익을 목표로 하고 있습니다. 단, 인수 수수료 및 비용은 차감됩니다.
주식 거래는 2025년 2월 6일 'FBGL'라는 기호를 가지고 Nasdaq Capital Market에서 시작되었습니다. 회사는 인수자에게 337,500주(제안의 15%)의 추가 주식을 구매할 수 있는 45일 옵션을 부여했습니다. WallachBeth Capital은 단독 책임 매니저 역할을 하며, Revere Securities는 공동 매니저로 활동하고 있습니다. 제안은 2025년 2월 7일에 종료될 것으로 예상되며, 일반적인 조건에 따라 진행됩니다.
FBS Global (NASDAQ: FBGL), un entrepreneur de construction écologique basé à Singapour, a annoncé le prix de son introduction en bourse. L'entreprise propose 2 250 000 actions ordinaires à 4,50 $ par action, visant à lever 10 125 000 $ en recettes brutes avant déduction des remises et des frais d'intermédiation.
La négociation des actions a commencé sur le Nasdaq Capital Market le 6 février 2025, sous le symbole 'FBGL'. L'entreprise a accordé aux souscripteurs une option de 45 jours pour acheter jusqu'à 337 500 actions supplémentaires (15 % de l'offre) afin de couvrir les surallocations. WallachBeth Capital agit en tant que gestionnaire principal, avec Revere Securities comme co-gestionnaire. L'offre devrait se clôturer le 7 février 2025, sous réserve de conditions habituelles.
FBS Global (NASDAQ: FBGL), ein in Singapur ansässiger Anbieter von grünen Gebäuden, hat den Preis für seinen Börsengang bekannt gegeben. Das Unternehmen bietet 2.250.000 Stammaktien zu einem Preis von 4,50 $ pro Aktie an, mit dem Ziel, 10.125.000 $ in Bruttoeinnahmen vor Abzug von Zeichnungsgebühren und Kosten zu erzielen.
Der Handel der Aktien begann am 6. Februar 2025 an der Nasdaq Capital Market unter dem Symbol 'FBGL'. Das Unternehmen hat den Underwritern eine 45-tägige Option eingeräumt, bis zu 337.500 zusätzliche Aktien (15 % des Angebots) zur Deckung von Überallokationen zu kaufen. WallachBeth Capital fungiert als alleiniger Buchführer, während Revere Securities als Co-Manager auftritt. Es wird erwartet, dass das Angebot am 7. Februar 2025 unter den üblichen Bedingungen abgeschlossen wird.
- Successfully completed IPO raising $10.125M in gross proceeds
- Secured listing on Nasdaq Capital Market
- Operates in growing green construction sector
- Small offering size may limit institutional interest
- Potential dilution if over-allotment option is exercised
Insights
The successful pricing of FBS Global's IPO marks a strategic entry into the U.S. public markets, raising
The timing of this IPO is particularly noteworthy, as it represents one of the early 2025 listings amid challenging market conditions for new offerings. The choice of a U.S. listing on NASDAQ, rather than Singapore's SGX, suggests a deliberate strategy to access deeper capital markets and enhance global visibility, though it also brings increased regulatory scrutiny and compliance costs.
The relatively modest offering size indicates a conservative approach, likely focused on establishing a public market presence while maintaining tight control. The 45-day overallotment option for an additional 337,500 shares provides flexibility to accommodate excess demand and enhance post-IPO price stability.
WallachBeth Capital's role as sole book-runner, despite being a smaller investment bank, aligns with the offering's size and suggests a focus on retail and small institutional investors. This could impact initial trading liquidity and price discovery in the early days of trading.
For investors, this IPO presents an opportunity to gain exposure to the Asian green building sector through a U.S.-listed vehicle, though careful consideration should be given to the company's growth strategy, competitive position and ability to execute in both Asian and potentially Western markets.
The Company has granted a 45-day option to the underwriters to purchase up to 337,500 additional ordinary shares, representing
WallachBeth Capital LLC is acting as the Sole Book-Running Manager of the Offering, and Revere Securities LLC is acting as the Co-Manager to the Offering. TroyGould PC is acting as
A registration statement on Form F-1, as amended (File No. 333-283619) relating to the Offering has been filed with the Securities and Exchange Commission (the "SEC") and was declared effective by the SEC on February 5, 2025. The Offering is being made only by means of a prospectus, forming part of the registration statement. Copies of the final prospectus related to the Offering may be obtained, when available, from WallachBeth Capital LLC, Harborside Financial Center Plaza 5, 185 Hudson Street, Ste 1410,
Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About WallachBeth Capital LLC
WallachBeth Capital offers a robust range of capital markets and investment banking services to the healthcare community, connecting corporate clients with leading institutions, creating value for both issuers and investors. The firm's experience includes initial public offerings, follow-on issues, PIPE offerings, and private transactions and ATM's.
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and FBS Global Limited specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
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SOURCE WallachBeth Capital LLC
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