Delixy Holdings Limited Announces Pricing of Initial Public Offering

Group 1 - Delixy Holdings Limited, a Singapore-based company, is engaged in the trading of oil-related products and has announced an initial public offering (IPO) of 2,000,000 ordinary shares at a public offering price of US$4.00 per share [1] - The company expects to receive gross proceeds of US$5.4 million from the offering, which will be used for expanding product offerings, strengthening market position, making strategic acquisitions, and general working capital [2] - The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on July 9, 2025, under the ticker symbol "DLXY" [1] Group 2 - Delixy Holdings Limited primarily trades in crude oil and oil-based products, including fuel oils, motor gasoline, additives, gas condensate, base oils, asphalt, petrochemicals, and naphtha [6] - The company operates across multiple countries in Southeast Asia, East Asia, and the Middle East, establishing a strong presence in the region's oil trading markets [6] - Delixy leverages strong relationships with customers and suppliers, providing value-added services such as tailored trading strategies and logistical support [6]