APEX Global Solutions, a Singaporean provider of corrosion prevention and surface preparation services for shipyards, withdrew its plans for an initial public offering on Wednesday. It had filed to raise $7 million by offering 1.5 million shares at a price range of $4 to $5.
The Singapore-based company was founded in 2009 and booked $7 million in revenue for the 12 months ended December 31, 2024. It had planned to list on the Nasdaq under the symbol APEX. US Tiger Securities was set to be the sole bookrunner on the deal.
