KTech Solutions Aims to Raise $9 Million in U.S. IPO

KTech Solutions, a leading toy manufacturer based in China Hong Kong, has filed for an Initial Public Offering (IPO) on the U.S. stock market, aiming to raise up to $9 million. The company submitted its application to the U.S. Securities and Exchange Commission (SEC) on Monday. KTech Solutions plans to issue 2 million shares at a price range of $4 to $5 per share, targeting a total of $9 million in funds. This strategic move is part of the company's broader plan to expand its market presence and enhance its financial capabilities.

The IPO is expected to provide KTech Solutions with the necessary capital to invest in research and development, expand its production facilities, and explore new market opportunities. The company's decision to go public reflects its confidence in the growing demand for innovative toys and its commitment to delivering high-quality products to consumers worldwide. KTech Solutions specializes in the design, development, testing, and sale of a variety of toy product combinations, ranging from simple plastic toys to more complex electromechanical toys. The company focuses on developing educational toys and learning toolkits for infants, toddlers, and preschoolers, with a primary customer base in Europe and North America.

Founded in 2016, KTech Solutions reported annual sales of $19 million for the 12 months ending September 30, 2024. The company plans to list on the Nasdaq under the ticker symbol KMRK. The confidential submission of the application was made on January 2, 2025. American Trust Investment Services is the sole bookrunner for this transaction. This IPO marks a significant milestone for KTech Solutions, positioning the company for further growth and innovation in the global toy market.