WF Holding, a Malaysia-based producer of fiberglass reinforced plastic, filed on Monday with the SEC to raise up to $10 million in an initial public offering.
The Shah Alam, Malaysia-based company plans to raise $10 million by offering 2 million shares at a price range of $4 to $6. At the midpoint of the proposed range, WF Holding would command a market cap of $125 million.
The company produces fiberglass reinforced plastic (FRP) products to various industries, such as chemical processing, water and wastewater treatment, and power generation. The company's products include filament wound and molded tanks, thermoplastic tanks, lining products, ducting and fitting products, air pollution control equipment, and custom made products. WF Holding also offers installation and maintenance services for its products.
The Shah Alam, Malaysia-based company was founded in 1984 and plans to list on the Nasdaq under the symbol WFF. WF Holding filed confidentially on January 24, 2024. Pacific Century Securities is the sole bookrunner on the deal.
