Facility Services Provider BWGC Reduces IPO Price Range to $6-$7, Cutting Fundraising Goal to $17 Million

Stock News03-18

BW Industrial Holdings Inc. (BWGC.US), which provides facility construction services for the energy, electronics, and other industries, lowered its proposed offering size on Tuesday. The Houston, Texas-based company now plans to issue 2.6 million shares to raise $17 million, with the share price range set between $6 and $7 per share. Previously, the company's IPO filing also planned to issue 2.6 million shares but with a price range of $7 to $9 per share. BW Industrial Holdings is an EPC (engineering, procurement, and construction) company specializing in the design, construction, and integration of critical process systems for industries such as automotive parts, energy storage, renewable energy, electronics, advanced manufacturing, and semiconductor manufacturing. It primarily serves international companies looking to expand in the United States. The company's current projects include a large semiconductor manufacturing facility in Phoenix, Arizona, and photovoltaic manufacturing plants in Florida and Arizona. Additionally, BW Industrial Holdings is expanding into product development with the launch of modular water treatment systems, targeting commercial and government clients in North, Central, and South America. Founded in 2016, BW Industrial Holdings reported revenue of $22 million for the 12 months ended December 31, 2025. The company plans to list on the Nasdaq under the ticker symbol BWGC. Eddid Securities and Futures is acting as the sole bookrunner for the transaction.

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