Delixy Holdings Closes IPO, Raises $8M, Begins Trading on Nasdaq.

Delixy Holdings Limited, a Singapore-based oil trading company, has completed its initial public offering (IPO) of 2 million ordinary shares at $4 each, raising $8 million in gross proceeds. The IPO was led by the company and included selling shareholders Mega Origin Holdings and Novel Majestic. The shares began trading on the Nasdaq Capital Market under the ticker symbol "DLXY".

Singapore-based oil trading company Delixy Holdings Limited has successfully completed its initial public offering (IPO) and began trading on the Nasdaq Capital Market on July 9, 2025, under the ticker symbol "DLXY". The company priced its IPO at $4 per share, raising a total of $8 million in gross proceeds [1].

The IPO involved the sale of 2 million ordinary shares, with 1.35 million shares offered by Delixy itself and 650,000 shares sold by selling shareholders Mega Origin Holdings Limited and Novel Majestic Limited. The company expects to use the proceeds for expanding product offerings, strengthening market position, potential strategic acquisitions, and general working capital [2].

Delixy Holdings is engaged in the trading of crude oil and oil-based products, including fuel oils, motor gasoline, additives, gas condensate, base oils, asphalt, petrochemicals, and naphtha. The company operates across multiple countries in Southeast Asia, East Asia, and the Middle East, leveraging its strong relationships with customers and suppliers, as well as its deep industry expertise, to provide value-added services [3].

The IPO was led by Bancroft Capital, LLC, which acted as the sole lead underwriter. The company has also registered a resale prospectus for an additional 3 million ordinary shares held by Cosmic Magnet Limited, Rosywood Holdings Limited, Dragon Circle Limited, Novel Majestic Limited, and Golden Legend Ventures Limited [1].

Delixy's $5.4 million IPO provides modest capital for a Singapore oil trading firm entering public markets at $4 per share with an $8 million total valuation. The immediate 35% insider selling component (650,000 of 2 million offered shares) might signal limited confidence in significant near-term appreciation [2].

The company's shares are expected to continue trading on the Nasdaq Capital Market under the ticker symbol "DLXY". Investors should review the company's prospectus and other filings with the U.S. Securities and Exchange Commission (SEC) for more information [3].

References:
[1] https://ng.investing.com/news/stock-market-news/delixy-holdings-begins-nasdaq-trading-at-4-inline-with-ipo-pricing-93CH-1999883
[2] https://www.renaissancecapital.com/IPO-Center/News/112025/Singapore-based-oil-products-trader-Delixy-Holdings-prices-US-IPO-at-$4-the
[3] https://www.stocktitan.net/news/DLXY/delixy-holdings-limited-announces-pricing-of-initial-69tzmrrfsnop.html