JBDI Holdings opens at $5, IPO priced at $5 per share

JBDI Holdings, a provider of environmentally friendly and efficient reconditioning and recycling services for drums and containers in Singapore and Southeast Asia, announced the pricing of its initial public offering of an aggregate 2.25M ordinary shares at a public offering price of $5.00 per share for total gross proceeds of $11.25M. The company is offering 1.75M ordinary shares and the selling shareholders are offering 500,000 ordinary shares. Wilson-Davis & Co. is acting as lead underwriter and representative for the offering.