AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
CTW Cayman Completes Initial Public Offering, Raises $12M
ByAinvest
Thursday, Aug 7, 2025 4:57 pm ET1min read
CTW Cayman has closed its initial public offering (IPO) of 2.4 million Class A ordinary shares at $5.00 per share, raising $12 million in gross proceeds. The shares began trading on Nasdaq under the ticker symbol "CTW" on August 6, 2025. The company plans to use the funds to expand its game platform and deliver more free-to-play games inspired by popular Japanese animations.
CTW Cayman, a leading game platform company operating the HTML5 platform G123.jp, has successfully closed its initial public offering (IPO) of 2.4 million Class A ordinary shares at $5.00 per share, raising $12 million in gross proceeds [1]. The shares began trading on the Nasdaq Capital Market under the ticker symbol "CTW" on August 6, 2025 [1].The company plans to use the funds to expand its game platform and deliver more free-to-play games inspired by popular Japanese animations [2]. Approximately 85% of the proceeds will support global market expansion initiatives, with the remainder allocated to general working capital and other corporate purposes [2].
CTW Cayman operates G123.jp, which provides web-based games inspired by Japanese animations including Queen’s Blade, So I’m a Spider, So What?, and Goblin Slayer [1]. According to a Frost & Sullivan Report cited by the company, CTW was the largest anime IP-based H5 games platform globally in 2023 by gross billings [1].
The U.S. Securities and Exchange Commission declared the company’s Form F-1 registration statement effective on July 30, 2025 [1]. The offering is conducted on a firm commitment basis [2].
Kingswood Capital Partners serves as the representative of the underwriters for the offering, which has a 45-day option to purchase up to an additional 360,000 Class A ordinary shares at the public offering price, less underwriting discounts [1].
References:
[1] https://www.investing.com/news/stock-market-news/ctw-cayman-prices-ipo-at-5-per-share-expects-to-raise-12-million-432SI-4171594
[2] https://www.investing.com/news/company-news/ctw-cayman-prices-ipo-at-5-per-share-set-to-list-on-nasdaq-93CH-4171606
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet