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JBDI Holdings Priced, Nasdaq: JBDI

Singapore-based supplier of new and reconditioned steel and plastic drums.

Industry: Industrials

Latest Trade: $0.95 0.00 (0.0%)

First Day Return: +102.4%

Return from IPO: -81.0%

Industry: Industrials

Our Group’s history began in 1983 when Mr. Lim CP set up Jurong Barrels with a business partner as an attempt to develop the business in the trading of Reconditioned Containers. Our Group’s business in trading of Reconditioned Containers officially commenced in 1984 when Mr. Lim CP’s two brothers acquired all his business partner’s shares in Jurong Barrels and Jurong Barrels acquired a plant to Recondition used Containers. Following in their father’s footsteps of trading in used Containers, they began trading in Reconditioned Containers as they believed that there is a bigger profit margin for these Containers than just used Containers. Over the nearly last four decades, we have grown from a small reconditioning and recycling business to a comprehensive revitalization, Reconditioning and recycling of drums business comprising a diversified range of drums including open top drums, metal drums, plastic drums, plastic carboys and intermediate bulk containers. We have also, over the years, diversified into the business lines of the sale of new drums and the collection of waste drums and related products. In becoming aware of the necessity of reducing the impact of businesses on the environment, we began the provision of waste water treatment through our direct wholly-owned subsidiary, JBD Systems.
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IPO Data
IPO File Date 02/08/2024
Offer Price $5.00
Price Range $4.00 - $5.00
Offer Shares (mm) 2.3
Deal Size ($mm) $11
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/26/2024
Offer Price $5.00
Price Range $4.00 - $5.00
Offer Shares (mm) 2.3
Deal Size ($mm) $11
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Wilson-Davis & Co.
Dominari Securities
Company Data
Headquarters Singapore
Founded 1983
Employees at IPO 121
Website www.barrels.com.sg

JBDI Holdings (JBDI) Performance