Week of April 21–25, 2025
After a strong first quarter in 2025—53 IPOs raised a combined $8.5 billion—mid‑April cooling leaves just two small‑cap offerings on deck for the week of April 21–25, 2025.
Fitness Champs Holdings Limited (FCHL)
- Pricing Date: April 22, 2025
- Price Range: $4.00–$5.00 per share
- Shares Offered: 2,000,000
- Projected Deal Size: $8.0–$10.0 million
Fitness Champs is a Cayman Islands–incorporated holding company operating through Singapore‑based subsidiaries that provide general swimming lessons, aquatic sports classes, and water‑safety programs. Over the last twelve months, the business generated $3.35 million in revenue and carries a market cap of approximately $74 million. Net proceeds will fund facility expansion, new service offerings, and brand‑building in Southeast Asia. Founder and CEO Joyce Lee Jue Hui will retain control of roughly 57.6% of voting shares post‑offering, classifying FCHL as a controlled company under Nasdaq rules.
OMS Energy Technologies Inc. (OMSE)
- Pricing Date: April 25, 2025
- Price Range: $8.00–$10.00 per share
- Shares Offered: 5,555,556 (plus up to 833,333‑share overallotment)
- Projected Deal Size: $50 million (excluding overallotment)
OMS Energy is a Cayman Islands–incorporated manufacturer of API‑ and ISO‑certified surface wellhead systems and oil country tubular goods for onshore and offshore exploration & production in the Asia Pacific and Middle East & North Africa. Headquartered in Singapore, the company reported $181.45 million in revenue and $84.47 million in net income over the last year. Roth Capital Partners is serving as sole manager, with listing contingent on Nasdaq Capital Market approval under the ticker “OMSE”.
Investor Takeaways
With modest floats and controlled‑company structures, both FCHL and OMSE may experience elevated volatility upon debut. Fitness Champs taps a resilient health & wellness market via a lean, Singapore‑centric model, while OMS Energy offers direct exposure to specialized energy‑infrastructure solutions benefiting from sustained global E&P demand. Prospective investors should review the full F‑1 and S‑1 filings for detailed governance provisions, risk factors, and use‑of‑proceeds disclosures before participating.
This article is for informational purposes only and does not constitute investment advice.
