BW Industrial Holdings, a provider of facility construction services for industries such as energy and electronics, has submitted an application to the U.S. Securities and Exchange Commission for an initial public offering aiming to raise up to $21 million. The company plans to issue 2.6 million shares at a price between $7 and $9 per share, targeting proceeds of $21 million. Based on the midpoint of the proposed price range, BW Industrial Holdings would achieve a market capitalization of $176 million.

BW Industrial Holdings is an EPC (Engineering, Procurement, and Construction) company specializing in the design, construction, and integration of critical process systems for industries including automotive parts, energy storage, renewable energy, electronics, advanced manufacturing, and semiconductor manufacturing, with a focus on serving international enterprises seeking to expand their operations in the United States. The company's current project portfolio includes a large-scale semiconductor manufacturing facility in Phoenix, Arizona, as well as photovoltaic manufacturing facilities in Florida and Arizona.

Furthermore, BW Industrial Holdings is expanding into product development with the launch of a modular water treatment system, targeting commercial and government clients across North, Central, and South America. Founded in 2016 and headquartered in Houston, Texas, the company generated revenue of $56 million for the 12-month period ended September 30, 2025. The company plans to list on the Nasdaq exchange under the ticker symbol "BWGC."

BW Industrial Holdings had previously confidentially submitted its listing application on August 15, 2025. Eddid Securities and Futures is acting as the sole bookrunner for the transaction.