Singapore-based FBS Global Limited (FBS Global or the Company) (NASDAQ: FBGL), a green building contractor specializing in award-winning, sustainable projects, today announced the completion of its initial public offering (IPO). The IPO involved the sale of 2,250,000 ordinary shares, priced at US$4.50 per share (US$0.001 par value), generating gross proceeds of US$10,125,000 before underwriting discounts and expenses.

Trading of the ordinary shares commenced on the Nasdaq Capital Market on February 6, 2025, under the symbol “FBGL.” The net proceeds will fund business expansion, research and development of green building materials, potential strategic partnerships, and general corporate purposes.

Underwriters have a 45-day option to purchase up to an additional 337,500 shares (15% of the shares sold in the IPO) at the public offering price, less underwriting discounts, to cover potential over-allotments.

WallachBeth Capital LLC served as the Sole Book-Running Manager, and Revere Securities LLC as the Co-Manager. TroyGould PC acted as U.S. counsel for the Company, and Ortoli Rosenstadt LLP as U.S. securities counsel for WallachBeth Capital LLC.

The Offering was conducted under the Company’s registration statement on Form F-1 (File No. 333-283619), declared effective by the SEC on February 5, 2025. Prospectuses are available from WallachBeth Capital LLC, Harborside Financial Center Plaza 5, 185 Hudson Street, Ste 1410, Jersey City, NJ 07311, via email at [email protected] or telephone at +1-(646) 237-8585, and on the SEC website at [website address].

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities where prohibited by law.

About FBS Global Limited

FBS Global is a Singapore-based green building contractor and interior fit-out specialist with over 20 years of experience in institutional, residential, commercial, and industrial projects. FBS Global prioritizes green building practices, methods, and sustainably-sourced materials. For more information, please visit: [website address].

Forward-Looking Statements

Statements in this release regarding future expectations, plans, and prospects are forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements, including those about trading commencement and closing dates, are subject to risks detailed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. Actual results may differ materially. These forward-looking statements are current only as of today’s date, and FBS Global Limited disclaims any obligation to update them except as required by law.

Contacts:

FBS Global Limited:
Chong Ye Chew, Chief Financial Officer
Telephone: (65) 6285 7781
Email: [email protected]

WallachBeth Securities LLC:
Harborside Financial Center Plaza 5
185 Hudson Street, Ste 1410, Jersey City, NJ 07311
Telephone at +1-(646) 237-8585
Email: [email protected]