Delixy Holdings

Delixy Holdings priced its Nasdaq IPO at $4.00/share, raising $5.4 million from 1.35M primary and 650K secondary shares. Trading begins July 9, 2025 (ticker DLXY) at an $8M valuation, with Bancroft Capital underwriting. Proceeds will target expansion in Southeast Asia and Middle East oil markets. Positives include capital for growth and Nasdaq credibility, while concerns involve the modest scale and significant secondary offering (32.5% of IPO shares).