Building services supplier BW (BWGC.US) lowers IPO pricing range to $6-7, raising a reduced $17 million in funding.

BW Industrial Holdings (BWGC.US), which provides construction services for energy, electronics, and other industries, announced on Tuesday that it has reduced the size of its proposed offering. The Texas-based company now plans to issue 2.6 million shares to raise $17 million, with the price range set at $6 to $7 per share. Previously, the company had planned to issue the same amount of shares with a price range of $7 to $9 per share. BW Industrial Holdings is an EPC (Engineering, Procurement, and Construction) company that focuses on 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. Its main clients are international companies looking to expand in the United States. The company's current projects include a large semiconductor manufacturing plant in Phoenix, Arizona, as well as photovoltaic manufacturing plants in Florida and Arizona. In addition, BW Industrial Holdings is expanding into product development, introducing modular water treatment systems targeting commercial and government clients in North America, Central America, and South America. Founded in 2016, BW Industrial Holdings reported revenue of $22 million for the 12 months ending December 31, 2025. The company plans to list on the Nasdaq under the ticker symbol BWGC, with Eddid Securities and Futures serving as the exclusive bookrunner for the offering.