Construction service provider BW (BWGC.US) submits IPO application, aiming to raise $21 million.

BW Industrial Holdings, which provides facility construction services for industries such as energy and electronics, has submitted an application to the US Securities and Exchange Commission to raise up to 21 million US dollars through an IPO. The company plans to issue 2.6 million shares of stock at a price range of 7 US dollars to 9 US dollars, aiming to raise 21 million US dollars. Based on the midpoint of the proposed price range, BW Industrial Holdings would have a market value of 176 million US dollars. BW Industrial Holdings is an EPC (Engineering, Procurement, Construction) company specializing in providing design, construction, and integration services for critical process systems in industries such as automotive components, energy storage, renewable energy, electronics, advanced manufacturing, and semiconductor manufacturing. The company primarily serves international businesses seeking to expand in the US. The company's current order projects include a large semiconductor manufacturing facility in Phoenix, Arizona, and photovoltaic manufacturing facilities in Florida and Arizona. Additionally, BW Industrial Holdings is expanding into product development with modular water treatment systems, targeting commercial and government customers in North America, Central America, and South America. Headquartered in Houston, Texas, the company was founded in 2016 and generated revenue of 56 million US dollars in the 12 months ending September 30, 2025. The company plans to list on the NASDAQ with the stock symbol BWGC. BW Industrial Holdings had previously submitted its listing application secretly on August 15, 2025. Eddid Securities and Futures is the exclusive bookrunner for this transaction.