Singapore marine solutions provider Sea Forrest International
Singapore marine solutions provider Sea Forrest International
Singapore marine solutions provider Sea Forrest International files for a $20 million US IPO
Sea Forrest International, which provides green energy and engineering solutions for ships and other marine equipment, filed on Monday with the SEC to raise up to $20 million in an initial public offering.
Through its subsidiaries SF (Engineering) and SF (Power), the company provides afloat repairs and maintenance, repairs, and overhauling (MRO) services, and green energy solutions. Its green energy solutions include marine electric propulsion solutions, marine energy storage solution, marine charging solution, and marine renewable solution. Its MRO services include afloat repairs, maintenance, installation, structure and piping fabrication, and project and procurement management.
The Singapore-based company was founded in 2011 and booked $4 million in revenue for the 12 months ended June 30, 2024. It plans to list on the Nasdaq but has not selected a symbol yet (RC ticker: SFI.RC). Maxim Group LLC is the sole bookrunner on the deal. No pricing terms were disclosed.
Sea Forrest International, which provides green energy and engineering solutions for ships and other marine equipment, filed on Monday with the SEC to raise up to $20 million in an initial public offering.
Through its subsidiaries SF (Engineering) and SF (Power), the company provides afloat repairs and maintenance, repairs, and overhauling (MRO) services, and green energy solutions. Its green energy solutions include marine electric propulsion solutions, marine energy storage solution, marine charging solution, and marine renewable solution. Its MRO services include afloat repairs, maintenance, installation, structure and piping fabrication, and project and procurement management.
The Singapore-based company was founded in 2011 and booked $4 million in revenue for the 12 months ended June 30, 2024. It plans to list on the Nasdaq but has not selected a symbol yet (RC ticker: SFI.RC). Maxim Group LLC is the sole bookrunner on the deal. No pricing terms were disclosed.