Brilliance Group, a Singapore-based steel fabricator specializing in structural steel and metal works, withdrew its plans for an initial public offering on Monday. It originally filed in September 2023 and most recently planned to raise $11 million by offering 2.5 million shares at a price range of $4.00 to $4.50. The company had not updated its prospectus since April 2024.
Brilliance Group was founded in 1965 and booked $39 million in revenue for the 12 months ended July 31, 2023. It had planned to list on the Nasdaq under the symbol KHIW. Network 1 Financial Securities was set to be the sole bookrunner on the deal.
