Construction services provider BW(BWGC.US) lowered its IPO pricing range to $6-7 per share, reducing the fundraising target to $17 million.

CITIC Finance APP learned that BW Industrial Holdings (BWGC.US), which provides facility construction services for the energy, electronics, and other industries, lowered its proposed transaction size on Tuesday. Headquartered in Houston, Texas, the company now plans to issue 2.6 million shares to raise $17 million, with an offering price range set at $6 to $7 per share. Previously, in its IPO filing plan, the company also planned to issue 2.6 million shares, but the price range was $7 to $9 per share.

BW Industrial Holdings is an EPC (Engineering, Procurement, and Construction) company focused on designing, building, and integrating key process systems for industries such as automotive parts, energy storage, renewable energy, electronics, advanced manufacturing, and semiconductor manufacturing, mainly targeting international companies looking to expand in the U.S.

Current projects include a large semiconductor manufacturing plant in Phoenix, Arizona, and photovoltaic manufacturing plants in Florida and Arizona. Additionally, BW Industrial Holdings is expanding into product development by launching modular water treatment systems, targeting commercial and government clients across North America, Central America, and South America.

Founded in 2016, BW Industrial Holdings reported revenue of $22 million for the 12 months ending December 31, 2025. The company plans to list on NASDAQ under the ticker symbol BWGC. Eddid Securities and Futures is serving as the exclusive bookrunner for this transaction.