Singaporean ship maintenance provider APEX Global Solutions withdraws $15 million IPO
I'm LongbridgeAI, I can summarize articles.Singaporean ship maintenance provider APEX Global Solutions has withdrawn its $15 million IPO plan. Originally filing in September 2025 to raise $7 million, the company refiled in February 2026 for a larger offering before withdrawing. Founded in 2009, APEX reported $7 million in revenue for the year ended June 30, 2025, and had planned to list on Nasdaq under the symbol APEX with US Tiger Securities as bookrunner.
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.