Uni-Fuels Becomes Singapore’s First Marine Fuel Provider to List in U.S.
Uni-Fuels Holdings (NASDAQ: UFG) has successfully completed its Initial Public Offering on the Nasdaq Stock Market, becoming the first Singapore-based marine fuel provider to list in the United States. The IPO was conducted on a firm commitment basis with R. F. Lafferty & Co. serving as the sole book-running manager.
CEO Koh Kuan Hua highlighted that the listing will enable the company to expand its global footprint, enhance capabilities, and forge new partnerships. The company plans to strengthen its current offerings while accelerating the provision of alternative marine fuels, including biofuel and liquefied natural gas, aligning with global decarbonization requirements.
The registration statement was filed with the SEC on October 28, 2024, and declared effective on January 10, 2025. The company aims to focus on service excellence, innovation, and industry development as a publicly traded entity.
Uni-Fuels Holdings (NASDAQ: UFG) ha completato con successo la sua offerta pubblica iniziale sul Nasdaq Stock Market, diventando il primo fornitore di carburante marino con sede a Singapore a quotarsi negli Stati Uniti. L'IPO è stata condotta su base di impegno fermo, con R. F. Lafferty & Co. come unico gestore dell'offerta.
Il CEO Koh Kuan Hua ha sottolineato che la quotazione consentirà all'azienda di espandere la propria presenza globale, migliorare le capacità e creare nuove partnership. L'azienda prevede di rafforzare le sue offerte attuali accelerando la fornitura di carburanti marini alternativi, tra cui biocarburanti e gas naturale liquefatto, in linea con i requisiti globali di decarbonizzazione.
La dichiarazione di registrazione è stata presentata alla SEC il 28 ottobre 2024 ed è stata dichiarata efficace il 10 gennaio 2025. L'azienda punta a concentrarsi sull'eccellenza del servizio, sull'innovazione e sullo sviluppo del settore come entità quotata in borsa.
Uni-Fuels Holdings (NASDAQ: UFG) ha completado con éxito su Oferta Pública Inicial en el Nasdaq Stock Market, convirtiéndose en el primer proveedor de combustible marino con sede en Singapur en cotizar en Estados Unidos. La IPO se llevó a cabo en una base de compromiso firme, con R. F. Lafferty & Co. como único gestor de libros.
El CEO Koh Kuan Hua destacó que la cotización permitirá a la empresa expandir su presencia global, mejorar sus capacidades y establecer nuevas alianzas. La empresa planea fortalecer su oferta actual mientras acelera el suministro de combustibles marinos alternativos, incluidos biocombustibles y gas natural licuado, alineándose con los requisitos globales de descarbonización.
La declaración de registro se presentó a la SEC el 28 de octubre de 2024 y se declaró efectiva el 10 de enero de 2025. La empresa busca enfocarse en la excelencia en el servicio, la innovación y el desarrollo de la industria como entidad cotizada.
유니-퓨얼스 홀딩스 (NASDAQ: UFG)가 나스닥 증권 거래소에서 성공적으로 기업 공개(IPO)를 완료했으며, 싱가포르에 본사를 둔 최초의 해양 연료 공급업체로 미국에 상장되었습니다. 이번 IPO는 R. F. Lafferty & Co.가 단독 주관사로 참여하여 확약 기반으로 진행되었습니다.
CEO 코 쿠안 화는 상장이 회사가 글로벌 입지를 확장하고 능력을 향상시키며 새로운 파트너십을 구축하는 데 도움이 될 것이라고 강조했습니다. 회사는 현재의 제공을 강화하면서 바이오 연료 및 액화 천연가스와 같은 대체 해양 연료 공급을 가속화할 계획이며, 이는 글로벌 탈탄소화 요구사항에 부합합니다.
등록 서류는 2024년 10월 28일 SEC에 제출되었으며, 2025년 1월 10일 효력을 발휘했습니다. 회사는 상장된 기업으로서 서비스 우수성, 혁신 및 산업 발전에 집중할 계획입니다.
Uni-Fuels Holdings (NASDAQ: UFG) a réussi à compléter son introduction en bourse sur le Nasdaq Stock Market, devenant ainsi le premier fournisseur de carburant marin basé à Singapour à être listé aux États-Unis. L'IPO a été réalisée sur une base de ferme engagement, avec R. F. Lafferty & Co. en tant que gestionnaire exclusif du livre.
Le PDG Koh Kuan Hua a souligné que cette introduction en bourse permettra à l'entreprise de développer son empreinte mondiale, d'améliorer ses capacités et de créer de nouveaux partenariats. L'entreprise prévoit de renforcer son offre actuelle tout en accélérant la fourniture de carburants marins alternatifs, y compris les biocarburants et le gaz naturel liquéfié, en conformité avec les exigences mondiales de décarbonisation.
La déclaration d'enregistrement a été déposée auprès de la SEC le 28 octobre 2024 et a été déclarée efficace le 10 janvier 2025. L'entreprise vise à se concentrer sur l'excellence du service, l'innovation et le développement de l'industrie en tant qu'entité cotée.
Uni-Fuels Holdings (NASDAQ: UFG) hat erfolgreich seinen Börsengang am Nasdaq Stock Market abgeschlossen und sich somit als erster in Singapur ansässiger Anbieter von marinem Treibstoff in den Vereinigten Staaten gelistet. Der IPO wurde auf einer festen Verpflichtungsbasis durchgeführt, wobei R. F. Lafferty & Co. als alleiniger Book-Running-Manager fungierte.
CEO Koh Kuan Hua betonte, dass die Listung dem Unternehmen ermöglichen wird, seine globale Präsenz auszubauen, die Fähigkeiten zu verbessern und neue Partnerschaften zu schließen. Das Unternehmen plant, sein aktuelles Angebot zu stärken und gleichzeitig die Bereitstellung alternativer maritimer Brennstoffe, einschließlich Biokraftstoffen und LNG, zu beschleunigen, um den globalen Dekarbonisierungsanforderungen gerecht zu werden.
Die Registrierungserklärung wurde am 28. Oktober 2024 bei der SEC eingereicht und trat am 10. Januar 2025 in Kraft. Das Unternehmen zielt darauf ab, sich als börsennotiertes Unternehmen auf Serviceexzellenz, Innovation und Branchenentwicklung zu konzentrieren.
- First Singapore-based marine fuel provider to achieve U.S. listing, potentially increasing market visibility
- Strategic expansion into alternative marine fuels (biofuel, LNG) aligned with regulatory requirements
- IPO provides access to U.S. capital markets for future growth financing
- None.
Insights
The IPO of Uni-Fuels Holdings on NASDAQ represents a significant milestone in the marine fuel industry. As Singapore's first marine fuel provider to list in the U.S., this strategic move opens up access to deeper capital markets and enhanced visibility in the global financial landscape.
The timing is particularly strategic given the marine fuel industry's ongoing transition towards cleaner alternatives. The IPO proceeds will likely strengthen UFG's balance sheet and provide capital for expansion into alternative fuels like biofuel and LNG, positioning the company to capitalize on the growing regulatory push for maritime decarbonization.
For investors, this presents an opportunity to gain exposure to Singapore's maritime sector - the world's largest bunkering port - through a U.S.-listed vehicle. However, the absence of specific IPO details such as share price, number of shares offered and total capital raised limits the ability to assess the immediate financial impact.
The listing comes at a pivotal moment in the marine fuel sector's evolution. Singapore, handling over 50 million tonnes of marine fuel annually, is the global hub for bunkering operations. UFG's commitment to expanding into alternative marine fuels aligns perfectly with the International Maritime Organization's increasingly stringent emissions regulations and the industry's push toward decarbonization.
Think of this like upgrading from a regular gas station to a multi-fuel service hub - UFG is positioning itself to be at the forefront of the marine fuel transition. The company's planned expansion into biofuels and LNG could give it a first-mover advantage in the rapidly growing clean marine fuel market, which is expected to see substantial growth as shipping companies work to meet emissions targets.
This IPO marks a strategic shift in how Asian marine fuel providers access global capital markets. By choosing NASDAQ over regional exchanges, UFG is tapping into a more liquid market with higher valuations and greater analyst coverage. The selection of R.F. Lafferty as the sole book-runner suggests this might be a smaller offering, though the exact size remains undisclosed.
For retail investors, here's the key: marine fuel providers are essentially the gas stations of the shipping world. With Singapore being the world's busiest port and UFG now having access to U.S. capital markets, the company is well-positioned to expand its infrastructure and capture market share in the growing alternative fuels segment. However, investors should watch for details about the company's current market share, revenue figures and specific expansion plans once available.
SINGAPORE, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Uni-Fuels Holdings Limited (NASDAQ: UFG), (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions headquartered in Singapore, today announced its successful initial public offering (“IPO” or “Offering”) on the Nasdaq Stock Market, becoming the first Singapore-based marine fuel provider to be listed in the United States.
The Offering was conducted on a firm commitment basis. R. F. Lafferty & Co., Inc. acted as the sole book-running manager for the Offering.
This milestone, said Uni-Fuels, is expected to further strengthen the company’s position in the global marine fuel market and underscore its commitment to innovation, growth, and excellence within the marine fuel industry.
“We are extremely honoured to be the first homegrown Singaporean marine fuel provider to list on Nasdaq and in the U.S.,” said chief executive officer Koh Kuan Hua. “This achievement reflects the hard work and dedication of our team, as well as the confidence investors have in our business model and long-term vision.
“We believe our Nasdaq listing will enable us to expand our global footprint, enhance our capabilities, sign new partnerships, and continue provision of quality marine fuel solutions to our customers worldwide.”
Mr. Koh said the Company plans to both enhance its present offerings to customers as well as accelerate its provision of alternative marine fuels, such as biofuel and liquefied natural gas, that align with global regulatory decarbonization requirements towards cleaner and sustainable marine fuels.
“As Uni-Fuels embarks on its journey as a publicly traded company, we will remain focused on advancing our position as a fast-growing, forward-thinking provider in the marine fuel industry,” said Mr. Koh. “We believe this IPO will unlock significant potential for our company and provide a solid foundation for long-term value creation for our shareholders.”
“Moving forward, our focus will remain on delivering superior service, driving innovation, and contributing to the development of the global marine fuel industry.”
A registration statement on Form F-1 relating to the shares being sold in the Offering was initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on October 28, 2024; and was declared effective by the SEC on January 10, 2025. This Offering was made only by means of a prospectus. A copy of the final prospectus relating to the Offering may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov, or alternatively, from: R. F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10005; (212) 293-9090.
This press release shall not constitute an offer to sell or a 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 Uni-Fuels Holdings Limited
Uni-Fuels is a fast-growing global provider of marine fuel solutions, helping shipping companies optimize fuel procurement across all markets and time zones. Founded in 2021, Uni-Fuels has evolved from modest beginnings into a dynamic, forward-thinking company. Backed by a passionate team and a growing presence across multiple locations, it has forged trusted partnerships with customers, supporting them in achieving their operational objectives with confidence, from shore to shore.
For more information, visit www.uni-fuels.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the completion and timing of closing of the offering and the intended use of the proceeds. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Uni-Fuels’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
Contact Information
For Investor Relations:
Uni-Fuels Holdings Ltd
Email: investors@uni-fuels.com
Skyline Corporate Communications Group, LLC
Email: info@skylineccg.com
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