FBS Global, which provides interior design and fit-out services in Singapore, filed on Tuesday with the SEC to raise up to $15 million in an initial public offering.
The Singapore-based company plans to raise $15 million by offering 3.8 million shares at $4. At the proposed price, FBS Global would command a market value of $60 million.
FBS Global states that it is an established interior design and fit-out specialist in Singapore. Its scope of services includes design, supply, and installation of ceilings, partitions, timber deck, carpet, lead lining, acoustic wall panel, built-in furnishing, carpentry, and mechanical and electrical services. The company also undertakes main construction and building works projects.
FBS Global was founded in 1996 and booked $19 million in revenue for the 12 months ended June 30, 2022. It plans to list on the Nasdaq under the symbol FBGL. Pacific Century Securities is the sole bookrunner on the deal.
