GEBE Environmental Tech nearly doubles shares offered ahead of $19 million US IPO
IPO Overview
GEBE Environmental Technology, which provides environmental improvement and sustainability-focused services in Singapore, raised the proposed deal size for its upcoming IPO on Tuesday.
The Singapore-based company now plans to raise $19 million by offering 3.8 million shares at a price range of $4 to $6. The company had previously filed to offer 2 million shares at the same range. At the midpoint of the revised deal size, GEBE Environmental Technology will raise 88% more in proceeds than previously anticipated and command a market cap of $88 million.
GEBE Environmental Technology was founded in 1991 and booked $9 million in sales for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol GEBE. Cathay Securities is the sole bookrunner on the deal.
About the Company
Our Group is a provider of nature-based green sustainability solutions based in Singapore. We integrate sustainability into our core business practices, embracing innovation and demonstrating a genuine commitment to environmental and social responsibility. Through the operating entity, we provide commercial nature-based green sustainability solutions to our customers through three types of services: forest rejuvenation services, environmental improvement services, and landscaping and gardening services. The operating entity has delivered a wide range of projects across a variety of public and private settings, from urban waterfronts to tropical rainforest. The operating entity’s services to the private sector include those to commercial buildings, condominiums, government buildings and theme parks. Through the operating entity, we also provide our services to the public sector, including to public parks and public theme parks. Nature-based green sustainability solutions provide a holistic approach to managing ecosystems, aiming to improve the environmental sustainability of urban and rural infrastructures. These solutions seek to mimic, restore, or enhance the natural functions of ecosystems, thereby promoting long-term environmental, social, and economic sustainability.