Singaporean ship maintenance supplier APEX Global Solutions (APEX.US) has an IPO price of 4-5 US dollars/share to raise 7 million US dollars

The Zhitong Finance App learned that APEX Global Solutions (APEX.US), a Singaporean shipyard corrosion protection and surface treatment service provider, disclosed the details of the initial public offering terms on Monday. The Singapore-based company plans to issue 1.5 million shares in the price range of 4 to 5 US dollars per share, and is expected to raise a total of about 7 million US dollars. If calculated at the median price range, the market value would reach US$119 million.

As a supplier focusing on ship anticorrosion, surface treatment and maintenance solutions, APEX Global Solutions provides services covering surface cleaning hydraulic jet and sandblasting operations, professional coating and paint construction, and maintenance services for ships anchored at piers or sailing on the high seas. At the same time, it can also deploy manpower to support offshore operation needs. The company's main customers are concentrated in Singaporean shipyards, and since its establishment in 2009, it has continued to be deeply involved in this field.

According to financial data, in the 12-month period ending December 31, 2024, the company achieved operating income of 7 million US dollars. The IPO will be listed on the Nasdaq Exchange under the stock code “APEX”. American Tiger Securities will act as the sole bookkeeper for this offering.