APEX Global Solutions, a Singaporean provider of corrosion prevention and surface preparation services for ships, filed on Tuesday with the SEC to raise up to $9 million in an initial public offering.
The Singapore-based company provides corrosion prevention, surface preparation, and maintenance solutions services, including hydro blasting and grit blasting for surface cleaning, professional coating and painting, and maintenance and repair services for vessels operating at docks and in open waters. It also provides manpower supply to support marine operations. The company's customer base is primarily shipyards in Singapore.
The company was founded in 2009 and plans to list on the Nasdaq under the symbol APEX. US Tiger Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
