APEX Global Solutions, a Singaporean provider of corrosion prevention and surface preparation services for shipyards, withdrew its plans for an initial public offering on Friday. It had originally filed in September 2025 to raise $7 million by offering 1.5 million shares at a price range of $4 to $5, before withdrawing and refiling in February 2026 to raise $15 million by offering 3.8 million shares (33% secondary) at $4.
The Singapore-based company was founded in 2009 and booked $7 million in revenue for the 12 months ended June 30, 2025. 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.
