BW Industrial Holdings, which provides facility construction services for energy, electronics, and other industries, lowered the proposed deal size for its upcoming IPO on Tuesday.
The Houston, TX-based company now plans to raise $17 million by offering 2.6 million shares at a price range of $6 to $7. The company had previously filed to offer the same number of shares at a range of $7 to $9.
BW Industrial Holdings is an EPC company specializing in design, construction, and integration services for critical process systems across industries like automotive parts, energy storage, renewable energy, electronics, advanced manufacturing, and semiconductor fabrication, focusing on international companies looking to expand in the US. The company's current projects include a large semiconductor manufacturing facility in Phoenix, Arizona, and photovoltaic manufacturing facilities in Florida and Arizona. Additionally, BW Industrial Holdings is expanding into product development with modular water treatment systems, targeting commercial and governmental customers in North America, Central, and South America.
BW Industrial Holdings was founded in 2016 and booked $22 million in revenue for the 12 months ended December 31, 2025. It plans to list on the NYSE American under the symbol BWGC. Eddid Securities and Futures is the sole bookrunner on the deal.
