FBS Global Raises $10.1M in Nasdaq IPO Debut

FBS Global Limited, a Singapore-based green building contractor, successfully completed its initial public offering (IPO) on February 6, 2025, trading under the NASDAQ symbol 'FBGL.' The company offered 2,250,000 ordinary shares at a price of $4.50 each, aiming to raise approximately $10.1 million before expenses. The IPO includes a 45-day option for underwriters to purchase an additional 337,500 shares to cover over-allotments. WallachBeth Capital LLC served as the sole book-running manager for the offering, which is positioned to support the company's expansion and research into sustainable building materials. The offering was conducted under a SEC registration statement that was declared effective on February 5, 2025. Insider shares will be subject to a 180-day lock-up period ending August 5, 2025.