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JBDI Holdings (Nasdaq: JBDI), a leading provider of environmentally friendly drum and container reconditioning and recycling services in Singapore and Southeast Asia, has successfully closed its initial public offering (IPO). The company raised $11.25 million by offering 2,250,000 ordinary shares at $5.00 per share. Of these, 1,750,000 shares were offered by the company, while 500,000 were from selling shareholders. Trading began on the Nasdaq Capital Market on August 27, 2024, under the ticker symbol 'JBDI'. Wilson-Davis & Co., Inc. acted as the lead underwriter for the offering. The IPO proceeds will be used to fund JBDI's growth initiatives, excluding any sales by selling shareholders.
JBDI Holdings (Nasdaq: JBDI), a leading provider of eco-friendly drum and container reconditioning and recycling services in Singapore and Southeast Asia, has announced the pricing of its initial public offering. The company is offering 2,250,000 ordinary shares at $5.00 per share, aiming to raise $11.25 million in gross proceeds. Of these shares, 1,750,000 are being offered by the company, while 500,000 are from selling shareholders. Trading on the Nasdaq Capital Market is set to begin on August 27, 2024, under the ticker symbol 'JBDI'. The offering is expected to close around August 28, 2024, subject to customary conditions. Wilson-Davis & Co. is acting as the lead underwriter for this IPO.
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