One and one Green Technologies, a waste materials and scrap metal recycling company in the Philippines, announced terms for its IPO on Monday.
The San Rafael, Philippines-based company plans to raise $13 million by offering 2.5 million shares at a price range of $4 to $6. At the midpoint of the proposed range, One and one Green Technologies would command a market value of $273 million.
One and one is a waste materials and scrap metal recycling company in the Philippines, and is one of the country's few companies with complete licenses required for smelting of E-waste. The company processes raw materials and generates final products that include copper alloy ingot, aluminum scrapes, and plastic beads, among others.
One and one Green Technologies was founded in 2014 and booked $53 million in revenue for the 12 months ended December 31, 2024. It plans to list on the Nasdaq under the symbol YDDL. Cathay Securities is the sole bookrunner on the deal.
