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JBDI Holdings Limited reports developments in its container reconditioning and recycling business serving Singapore and Southeast Asia. The company supplies reconditioned and new drums, plastic carboys, intermediate bulk containers and related container products, and it collects waste drums for customers in industries including chemicals, petroleum, solvents and edible oils.
Recurring JBDI news includes annual and interim financial results, product and service demand, Nasdaq Capital Market listing compliance matters, shareholder meeting outcomes, auditor ratification, board governance and capital actions such as share repurchase authorization. Its public-company history also includes the completed initial public offering of ordinary shares that began trading under the symbol JBDI.
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.