Uni-Fuels Holdings Limited (NASDAQ: UFG), a global provider of marine fuel solutions headquartered in Singapore, has announced its successful initial public offering (“IPO” or “Offering”) on the Nasdaq Stock Market, becoming the first Singapore-based marine fuel provider to be listed in the United States.
The Offering was conducted on a firm commitment basis. R. F. Lafferty & Co., Inc. acted as the sole book-running manager for the Offering.
This milestone, said Uni-Fuels, is expected to further strengthen the company’s position in the global marine fuel market and underscore its commitment to innovation, growth, and excellence within the marine fuel industry.
“We are extremely honored to be the first homegrown Singaporean marine fuel provider to list on Nasdaq and in the U.S.,” said chief executive officer Koh Kuan Hua. “This achievement reflects the hard work and dedication of our team, as well as the confidence investors have in our business model and long-term vision.
“We believe our Nasdaq listing will enable us to expand our global footprint, enhance our capabilities, sign new partnerships, and continue provision of quality marine fuel solutions to our customers worldwide.”
Mr. Koh said the Company plans to both enhance its present offerings to customers as well as accelerate its provision of alternative marine fuels, such as biofuel and liquefied natural gas, that align with global regulatory decarbonization requirements towards cleaner and sustainable marine fuels.
“As Uni-Fuels embarks on its journey as a publicly traded company, we will remain focused on advancing our position as a fast-growing, forward-thinking provider in the marine fuel industry,” said Mr. Koh. “We believe this IPO will unlock significant potential for our company and provide a solid foundation for long-term value creation for our shareholders.”
“Moving forward, our focus will remain on delivering superior service, driving innovation, and contributing to the development of the global marine fuel industry.”
