DarkIris Inc. Raises $6M in IPO at $4 per Share

DarkIris Inc. has priced its initial public offering (IPO) of 1.5 million Class A ordinary shares at $4.00 per share, raising $6 million in gross proceeds. The funds will be used for expansion, product development, and working capital. The IPO is expected to close on August 11, 2025, and the shares will be listed on the Nasdaq Capital Market under the ticker symbol "DKI."

DarkIris Inc., a mobile digital gaming technology company based in Hong Kong, has priced its Initial Public Offering (IPO) of 1,500,000 Class A ordinary shares at $4.00 per share. The company expects to raise $6.00 million in gross proceeds from the offering [1].

Trading is set to commence on August 8, 2025, on the Nasdaq Capital Market under the symbol "DKI". The underwriters have a 45-day option to purchase up to 225,000 additional shares. The IPO proceeds will fund operations team expansion, product development, and working capital [1].

The modest raise size may indicate either conservative growth plans or challenging market conditions for gaming IPOs. The mobile gaming market is highly competitive with significant user acquisition costs and platform dependency risks, as DarkIris relies on third-party digital storefronts for distribution [1].

The company's 100% firm commitment offering structure (versus best efforts) demonstrates underwriter confidence in placing the shares, though the relatively small offering size limits major institutional participation and suggests a targeted investor approach [1].

DarkIris Inc. is a comprehensive technology enterprise engaged in the development, publishing, and operating of mobile digital games through various third-party digital storefronts. The company's activities include game design, programming, and graphics, as well as the distribution and operation of mobile games across multiple platforms [1].

The IPO is being conducted on a firm commitment basis, and US Tiger Securities, Inc. is acting as the sole book runner for the offering. The registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective on August 7, 2025 [1].

DarkIris Inc. is committed to consistently showcasing exceptional strength and unique allure across diverse gaming sectors, leading the way in pioneering advancements within the industry. For more information, please visit the Company’s website: www.darkiris.com [1].

References:
[1] https://www.stocktitan.net/news/DKI/dark-iris-inc-announces-pricing-of-initial-public-9rca4nheakwb.html