GEBE Environmental Technology, which provides environmental improvement and sustainability-focused services in Singapore, filed on Friday with the SEC to raise up to $13 million in an initial public offering.
The 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, GEBE Environmental Technology would command a market value of $82 million.
Through its operating entity, GEBE Environmental Technology provides commercial nature-based green sustainability solutions to customers through three types of services: forest rejuvenation services, environmental improvement services, and landscaping and gardening services. The company has delivered a wide range of projects across a variety of public and private settings.
The Singapore-based company was founded in 1991 and booked $8 million in revenue for the 12 months ended December 31, 2024. It plans to list on the Nasdaq under the symbol GEBE. GEBE Environmental Technology filed confidentially on November 14, 2024. Cathay Securities is the sole bookrunner on the deal.
