Kuala Lumpur: Uni-Fuels Holdings Limited, a global provider of marine fuel solutions for shipping companies, has successfully closed its initial public offering (IPO) of 2,100,000 Class A Ordinary Shares at a price of $4.00 per share. This offering has resulted in total gross proceeds of $8.4 million for the company before accounting for underwriting discounts and commissions. The shares, all offered by Uni-Fuels, began trading on the Nasdaq Capital Market on January 14, 2025, under the ticker symbol ‘UFG.’

According to BERNAMA News Agency, Uni-Fuels has granted the underwriters an option to purchase up to 315,000 additional Class A Ordinary Shares. This option is available within 45 days following the effective date of the company’s registration statement related to the offering. This strategic move is expected to further bolster the company’s financial standing and expand its market reach in providing marine fuel solutions.