Investing.com - Financial Markets Worldwide

FBS Global IPO opens below pricing on NASDAQ

Published 06/02/2025, 17:14
© Reuters.
FBGL
-2.37%

Investing.com -- Today, FBS Global Limited (NASDAQ: FBGL), a Singapore-based green building contractor, launched its initial public offering (IPO) on the NASDAQ. The shares opened at $4.26, lower than the initial pricing of $4.50.

FBS Global priced 2,250,000 ordinary shares for the offering. WallachBeth Capital LLC is serving as the sole book-running manager of the offering.

In addition to the initial offering, the company has granted the underwriters a 45-day option to purchase up to 337,500 additional ordinary shares.

FBS Global Limited has a reputation for its award-winning projects that utilize green construction methods and materials that are sustainably sourced and environmentally responsible.

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