Jbdi holdings limited announces closing of $11.25 million initial public offering

Singapore, aug. 28, 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 closing of its previously announced initial public offering (the “offering”) of an aggregate 2,250,000 ordinary shares at a public offering price of $5.00 per share for total gross proceeds of $11.25 million, before deducting underwriting discounts and offering expenses. of the 2,250,000 ordinary shares, the company offered 1,750,000 ordinary shares and the selling shareholders offered 500,000 ordinary shares. the company will not receive any proceeds from any sale of shares by the selling shareholders.
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