Delixy opens at $4.00, IPO priced at $4.00
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 09 2025
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Initial Public Offering Details: Delixy has priced its IPO of 2 million shares at $4.00 per share, with the stock listed on Nasdaq under the ticker "DLXY."
Company Background and Underwriting: The Singapore-based company focuses on trading oil-related products, and Bancroft Capital is the sole lead underwriter for the offering.
Analyst Views on DLXY
About DLXY
Delixy Holdings Limited is a Singapore-based company principally engaged in the trading of oil-related products. The products include crude oil and oil-based products, such as fuel oils, motor gasoline, additives, gas condensate, base oils, asphalt, petrochemicals and naphtha (heavy gasoline). Operating across multiple countries in Southeast Asia, East Asia, and the Middle East, it has a presence in the region’s oil trading markets. While the Company maintains a diversified portfolio of oil products, crude oil trading represents a core aspect of its business. Its segments include sale of crude oil and sale of oil-based products. The Company conducts its primary operations through its indirect wholly owned subsidiary, Delixy Energy Pte. Ltd. The Company’s wholly owned subsidiary, Delixy International Limited, holds the entire shareholding interests of Delixy Energy. Delixy Energy is principally engaged in the trading of crude oil and oil-based products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
