Delixy Holdings Limited Announces Closing of Initial Public Offering

Core Points - Delixy Holdings Limited successfully closed its initial public offering (IPO) of 2,000,000 ordinary shares at a public offering price of US$4.00 per share, raising total gross proceeds of US$8 million [1][3] - The ordinary shares began trading on the Nasdaq Capital Market under the ticker symbol "DLXY" on July 9, 2025 [2] - Proceeds from the offering will be utilized for expanding product offerings, strengthening market position, potential strategic acquisitions, and general working capital [4] Company Overview - Delixy Holdings Limited is a Singapore-based company engaged in trading oil-related products, including crude oil and various oil-based products such as fuel oils, motor gasoline, and petrochemicals [8] - The company operates across Southeast Asia, East Asia, and the Middle East, establishing a strong presence in the region's oil trading markets [8] - Delixy leverages strong relationships with customers and suppliers, providing value-added services and financing capabilities to enhance its trading operations [8]