Building services supplier BW (BWGC.US) submits IPO application, planning to raise $21 million.

BW Industrial Holdings, which provides facility construction services for industries such as energy and electronics, has filed an application with the U.S. Securities and Exchange Commission to raise up to $21 million through an IPO. The company plans to issue 2.6 million shares at a price range of $7 to $9 per share, aiming to raise $21 million. Based on the midpoint of the proposed price range, BW Industrial Holdings will have a market value of $176 million. BW Industrial Holdings is an EPC (engineering, procurement, construction) company specializing in providing design, construction, and integration services for key process systems in industries such as automotive components, energy storage, renewable energy, electronics, advanced manufacturing, and semiconductor manufacturing. The company focuses on serving international businesses seeking expansion in the United States. The company's current order projects include a large semiconductor manufacturing facility in Phoenix, Arizona, and photovoltaic manufacturing facilities in Florida and Arizona. In addition, BW Industrial Holdings is expanding into product development, launching modular water treatment systems targeting commercial and government clients in North America, Central America, and South America. Headquartered in Houston, Texas, the company was founded in 2016 and generated $56 million in revenue in the 12 months ending September 30, 2025. The company plans to list on the NASDAQ under the ticker symbol BWGC. BW Industrial Holdings had previously secretly submitted its listing application on August 15, 2025. Eddie Securities USA Inc. is the exclusive bookrunner for this transaction.