Investing.com - Financial Markets Worldwide

Delixy Holdings begins Nasdaq trading at $4, in-line with IPO pricing

Published 09/07/2025, 16:28
© Reuters.

Investing.com -- Singapore-based oil products trader Delixy Holdings Limited started trading on the Nasdaq Capital Market Friday at $4 per share, matching its initial public offering price.

The company priced its IPO of 2 million ordinary shares at $4 per share on Thursday. Of these shares, Delixy offered 1.35 million while selling shareholders Mega Origin Holdings Limited and Novel Majestic Limited each sold 325,000 shares.

Delixy expects to raise $5.4 million in gross proceeds from the offering before deducting underwriting discounts and related expenses. The company will not receive any proceeds from shares sold by the selling shareholders.

The company is also registering a resale prospectus for 3 million ordinary shares held by Cosmic Magnet Limited, Rosywood Holdings Limited, Dragon Circle Limited, Novel Majestic Limited, and Golden Legend Ventures Limited.

Delixy’s shares are trading on the Nasdaq Capital Market under the ticker symbol "NASDAQ:DLXY" with Bancroft Capital, LLC serving as the sole lead underwriter for the offering.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.