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. The shares are scheduled to begin trading on the Nasdaq Capital Market on August 27 under the ticker symbol “JBDI.” Wilson-Davis & Co. is acting as lead underwriter and representative for the offering.
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