By Jan Paschal Posted July 8, 2025 (Updated July 9, 2025)
Delixy Holdings Ltd. (DLXY)of Singapore priced its small IPO at $4.00 – the low end of its $4.00-to-$5.00 price range – and sold 2.0 million shares – the number in the prospectus – to raise $8.0 million on Tuesday night, July 8, 2025. Delixy Holdings’ stock opened flat at $4.00 at 11:10 a.m. EDT today- Wednesday, July 9, 2025 – in its NASDAQ debut on volume of 165,003 shares. Shares of Delixy Holdings jumped quickly to $4.28 and were last trading at about $4.21 at 11:21 a.m. EDT today on volume of more than 500,000 shares. (Editor’s Note: This column, first published online on Tuesday night, July 8, 2025, was updated late Wednesday morning, July 9, 2025, with news on Delixy’s NASDAQ trading debut.)
Bancroft Capital acted as the sole book-runner.
Delixy Holdings Ltd. of Singapore trades crude oil and oil-based products, including fuel oils, gasoline, additives and gas condensate in Southeast Asia and East Asia.
The company is profitable. Delixy Holdings Ltd. reported net income of $1.03 million on revenue of $314.92 million in U.S. dollars for the 12 months that ended Dec. 31, 2024, according to financial statements in the prospectus.
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