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Davis Commodities Priced, Nasdaq: DTCK

Singapore-based commodity trading company focused on sugar, rice, and fats.

Industry: Consumer Staples

Latest Trade: $0.99 0.00 (0.0%)

First Day Return: +26.3%

Return from IPO: -75.2%

Industry: Consumer Staples

We are an agricultural commodity trading company based in Singapore which specializes in trading of three main categories of agricultural commodities: sugar, rice, and oil and fat products. We distribute agricultural commodities to various markets, including Asia, Africa and the Middle East. We also provide customers of our commodity offerings with complementary, ancillary services such as warehouse handling and storage and logistics services. We are an asset light business and utilize an established global network of third-party commodity suppliers and logistics service providers in order to distribute sugar, rice, and oil and fat products to customers in over 20 countries as of the fiscal year ended December 31, 2021. We source and market the commodities we distribute under two main brands: Maxwill and Taffy. We are also the exclusive distributor of the Lin brand in Singapore. The Maxwill brand is owned by us and is used for the sugar products and oil and fat products that we distribute outside of Singapore. We have an exclusive distributorship with the Thai Roong Ruang Sugar Group, a large sugar producer in Thailand, for the exclusive distribution of sugar products under their Lin brand in Singapore. We have also appointed Tong Seng Produce Pte. Ltd., an established distributor of rice, oil, sugar, flour and fiber products in Singapore, for the exclusive distribution of certain sugar products under our Taffy brand.
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IPO Data
IPO File Date 03/09/2023
Offer Price $4.00
Price Range $4.00 - $4.50
Offer Shares (mm) 1.1
Deal Size ($mm) $4
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/18/2023
Offer Price $4.00
Price Range $4.00 - $4.50
Offer Shares (mm) 1.1
Deal Size ($mm) $4
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Univest Securities
Company Data
Headquarters Singapore
Founded 1999
Employees at IPO 18
Website maxwillgroup.com

Davis Commodities (DTCK) Performance