APEX Global Solutions, a Singaporean provider of corrosion prevention and surface preparation services for shipyards, refiled on Friday with the SEC to raise $15 million in an initial public offering. APEX originally filed for an IPO in August 2025, but withdrew the offering on Wednesday.
The Singapore-based company now plans to raise $15 million by offering 3.8 million shares (33% secondary) at a price of $4. The company had previously filed to offer 1.5 million shares (100% primary) at a range of $4 to $5. At the revised terms, APEX Global Solutions will raise 122% more in proceeds than previously anticipated.
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.
APEX Global Solutions was founded in 2009 and booked $7 million in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol APEX. US Tiger Securities is the sole bookrunner on the deal.
