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Macau-based forestry company Nature Wood Group sets terms for $9 million US IPO

August 4, 2023

Nature Wood Group, a Macau-based forestry company with operations in Peru, announced terms for its IPO on Friday.

The Macau-based company plans to raise $9 million by offering 0.9 million ADSs at a price range of $9 to $11. At the midpoint of the proposed range, Nature Wood Group would command a fully diluted market value of $166 million.

Based in Macau, Nature Wood is a vertically-integrated forestry company with facilities in Peru and is focused on Forest Stewardship Council (FSC) business operations. The company produces a range of products, including logs, decking, flooring, and sawn timber, among other products. Nature Wood owns natural forest concessions and cutting rights for the exploitation of timbers in Peru, covering approximately 615,333 hectares. It also works with local forest owners in Peru and engages in timber auctions in France for supply of logs.

Nature Wood Group was founded in 2011 and booked $55 million in revenue for the 12 months ended December 31, 2022. It plans to list on the Nasdaq under the symbol NWGL. Orientiert XYZ Securities and Prime Number Capital are the joint bookrunners on the deal.