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TMD Energy Limited ( (TMDE) ) has shared an update.
On April 22, 2025, TMD Energy Limited successfully completed its initial public offering (IPO) of 3,100,000 ordinary shares at a price of $3.25 per share, raising approximately $10.08 million. The IPO, which began trading on the NYSE American under the symbol ‘TMDE’, marks a significant milestone for the company, enhancing its market presence and providing capital for purchasing cargo oil, covering listing expenses, and supporting general corporate purposes. This strategic move is expected to strengthen TMD Energy’s position in the marine fuel bunkering industry.
More about TMD Energy Limited
TMD Energy Limited, along with its subsidiaries, is a Malaysia and Singapore-based service provider specializing in integrated bunkering services, which include ship-to-ship transfer of marine fuels, ship management services, and vessel chartering. The company operates in 19 ports across Malaysia with a fleet of 15 bunkering vessels.
For detailed information about TMDE stock, go to TipRanks’ Stock Analysis page.