JBDI HOLDINGS LIMITED ANNOUNCES PRICING OF $11.25 MILLION INITIAL PUBLIC OFFERING
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.
JBDI Holdings (Nasdaq: JBDI), un fornitore leader di servizi di ristrutturazione e riciclaggio ecologici di tamburi e contenitori a Singapore e nel sud-est asiatico, ha annunciato la determinazione del prezzo della sua offerta pubblica iniziale. L'azienda offre 2.250.000 azioni ordinarie a $5,00 per azione, con l'obiettivo di raccogliere $11,25 milioni di proventi lordi. Di queste azioni, 1.750.000 sono offerte dalla società, mentre 500.000 provengono da azionisti venditori. Le contrattazioni nel Nasdaq Capital Market inizieranno il 27 agosto 2024, con il simbolo di borsa 'JBDI'. Si prevede che l'offerta si chiuda intorno al 28 agosto 2024, soggetta a condizioni consuete. Wilson-Davis & Co. funge da principale sottoscrittore per questa IPO.
JBDI Holdings (Nasdaq: JBDI), un proveedor líder de servicios de reacondicionamiento y reciclaje de tambores y contenedores ecológicos en Singapur y el sudeste asiático, ha anunciado el precio de su oferta pública inicial. La compañía está ofreciendo 2.250.000 acciones ordinarias a $5,00 por acción, con el objetivo de recaudar $11,25 millones en ingresos brutos. De estas acciones, 1.750.000 son ofrecidas por la empresa, mientras que 500.000 son de accionistas vendedores. Las operaciones en el Nasdaq Capital Market comenzarán el 27 de agosto de 2024, bajo el símbolo 'JBDI'. Se espera que la oferta se cierre alrededor del 28 de agosto de 2024, sujeto a condiciones habituales. Wilson-Davis & Co. actúa como el principal suscriptor de esta IPO.
JBDI Holdings (Nasdaq: JBDI)는 싱가포르 및 동남아시아에서 친환경 드럼 및 용기 재활용 및 재탄생 서비스의 선두 제공업체로, 자사의 기업공개(IPO) 가격을 발표했습니다. 이 회사는 225만 주의 보통주를 주당 $5.00에 제공하며, $11.25백만의 총 수익을 목표로 하고 있습니다. 이 중 175만 주는 회사에서 제공하고, 50만 주는 판매 주주에게서 나옵니다. 나스닥 자본 시장에서 거래는 2024년 8월 27일에 시작될 예정이며, 티커 기호는 'JBDI'입니다. 이 제안은 2024년 8월 28일경에 일반적인 조건에 따라 종료될 것으로 예상됩니다. Wilson-Davis & Co.는 이 IPO의 대표 주관사로 활동하고 있습니다.
JBDI Holdings (Nasdaq: JBDI), un fournisseur leader de services de reconditionnement et de recyclage d'ensembles et de conteneurs écologiques à Singapour et en Asie du Sud-Est, a annoncé le prix de son introduction en bourse (IPO). L'entreprise propose 2.250.000 actions ordinaires à 5,00 $ par action, visant à lever 11,25 millions de dollars de produits bruts. Parmi ces actions, 1.750.000 sont proposées par la société, tandis que 500.000 proviennent d'actionnaires vendeurs. Les échanges sur le Nasdaq Capital Market devraient commencer le 27 août 2024, sous le symbole boursier 'JBDI'. La clôture de l'offre est prévue pour le 28 août 2024, sous réserve des conditions habituelles. Wilson-Davis & Co. agit en tant que principal souscripteur pour cette IPO.
JBDI Holdings (Nasdaq: JBDI), ein führender Anbieter von umweltfreundlichen Dienstleistungen zur Aufbereitung und zum Recycling von Fässern und Behältern in Singapur und Südostasien, hat den Preis für sein Initial Public Offering (IPO) bekannt gegeben. Das Unternehmen bietet 2.250.000 Stammaktien zu je 5,00 $ an, mit dem Ziel, 11,25 Millionen $ brutto zu erzielen. Von diesen Aktien werden 1.750.000 vom Unternehmen angeboten, während 500.000 von verkaufenden Aktionären stammen. Der Handel am Nasdaq Capital Market soll am 27. August 2024 beginnen, unter dem Tickersymbol 'JBDI'. Die Emission wird voraussichtlich um den 28. August 2024 geschlossen, vorbehaltlich üblicher Bedingungen. Wilson-Davis & Co. fungiert als Hauptbuchführer für dieses IPO.
- JBDI is raising $11.25 million in gross proceeds through its IPO
- The company will be listed on the Nasdaq Capital Market, potentially increasing visibility and liquidity
- JBDI is offering more shares (1,750,000) than the selling shareholders (500,000), indicating confidence in future growth
- Potential dilution of existing shareholders' ownership due to the issuance of new shares
- The company will not receive proceeds from the 500,000 shares offered by selling shareholders
- Market conditions and investor sentiment towards IPOs may affect the stock's performance
Insights
JBDI Holdings' IPO pricing at
JBDI's IPO highlights the growing importance of sustainable industrial practices in Southeast Asia. Their focus on drum reconditioning and recycling addresses a critical environmental need in the region's rapidly expanding manufacturing sector. The company's market entry timing is opportune, coinciding with stricter environmental regulations and increased corporate sustainability commitments. However, investors should consider the scalability of JBDI's services beyond Singapore. The relatively small IPO size might limit immediate expansion capabilities, potentially allowing competitors to gain ground in other Southeast Asian markets. The success of JBDI will largely depend on their ability to capitalize on first-mover advantages and establish strong partnerships with key industrial players across the region.
JBDI's IPO represents a niche market entry into the U.S. capital markets for Southeast Asian environmental services. The
SINGAPORE, Aug. 26, 2024 (GLOBE NEWSWIRE) -- JBDI Holdings Limited (“JBDI” or the “Company”) (Nasdaq: JBDI), a leading provider of environmentally friendly and efficient reconditioning and recycling services for drums and containers in Singapore and Southeast Asia, today announced the pricing of its initial public offering (the “Offering”) of an aggregate 2,250,000 ordinary shares at a public offering price of
The shares are scheduled to begin trading on the Nasdaq Capital Market on August 27, 2024, under the ticker symbol “JBDI.” The Offering is expected to close on or about August 28, 2024, subject to customary closing conditions.
Wilson-Davis & Co., Inc. is acting as lead underwriter and representative for the Offering.
A registration statement on Form F-1, as amended (File No. 333-276945), was filed with the United States Securities and Exchange Commission (the “SEC”) and was declared effective on August 26, 2024. The offering of the securities is being made only by means of a prospectus. Electronic copies of the final prospectus relating to the Offering may be obtained by visiting the SEC’s website located at http://www.sec.gov or by contacting Wilson-Davis & Co., Inc. 16479 Dallas Parkway, Suite #315, Addison, TX 75001, Attention: Louis Helsen or email: lhelsen@wdco.com.
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 JBDI Holdings Limited
JBDI Holdings Limited is a leading provider of environmentally friendly and efficient products and services, specializing in the revitalization, reconditioning, and recycling of drums and related containers in Singapore and across Southeast Asia. With nearly four decades of industry experience, JBDI Holdings has established a strong reputation for quality and reliability, offering a wide range of reconditioned steel and plastic drums, new containers, and ancillary services. Our mission is to help our customers achieve a zero environmental impact footprint while optimizing resource allocation and reducing costs. For more information, please visit https://www.barrels.com.sg.
Safe Harbor Statement
This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors,” may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
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