GEBE Environmental Technology, which provides environmental improvement and sustainability-focused services in Singapore, lowered the proposed deal size for its upcoming IPO on Thursday.
The Singapore-based company now plans to raise $10 million by offering 2 million shares at a price range of $4 to $6. The company had previously filed to offer 2.5 million shares at the same range. At the midpoint, GEBE Environmental Technology will raise 20% less in proceeds than previously anticipated and command a market cap of $79 million.
GEBE Environmental Technology was founded in 1991 and booked $9 million in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol GEBE. Cathay Securities is the sole bookrunner on the deal.
