CTW Cayman (CTW) Plans to Raise $16 Million in July 24th IPO

CTW Cayman (CTW) is planning to raise $16 million in an initial public offering on Thursday, July 24th, IPO Scoop reports. The company will issue 3,000,000 shares at a price of $5.00-$6.00 per share.

In the last 12 months, CTW Cayman generated $76.2 million in revenue and $2.7 million in net income. CTW Cayman has a market-cap of $346.5 million.

Kingswood and TFI Securities & Futures Limited acted as the underwriters for the IPO.

CTW Cayman provided the following description of their company for its IPO: “(Incorporated in the Cayman Islands) We are a leading globally accessible, web-based gaming platform, offering players an immersive digital space through our flagship HTML5 platform, G123.jp. Our platform showcases a diverse selection of free-to-play games inspired by popular Japanese animations, including Queen’s Blade, So I’m a Spider, So What? and Goblin Slayer. The HTML5-based G123.jp platform removes common barriers to gameplay, such as downloads, installations, and mandatory registrations, ensuring that seamless, instant access is available to players worldwide across different types of devices, including mobile devices beyond just PCs. As of the date of this prospectus, we have 27 games on our platform and 11 games in pre-registration. According to the Frost & Sullivan Report, we are the largest anime IP-based H5 games platform in 2023 in the world in terms of gross billings. Our primary focus is serving game developers as our core customers by providing a comprehensive platform that helps them generate revenue and reach a global audience. Through our gaming platform, we share revenue generated from players’ in-game purchases worldwide. Leveraging our well-established relationships with leading Japanese animation IP holders, we offer premium IP resources along with ancillary support, as well as distribution and marketing services, to game developers. By collaborating with leading game developers, we bring high-quality and animation-themed gaming experiences to the game players/end-users worldwide. Note: Net income and revenue are for the 12 months that ended Jan. 31, 2025. (Note: CTW  Cayman is offering 3.0 million shares at a price range of $5.00 to $6.00 to raise $16.5 million, according to its F-1/A filing dated July 3, 2025.) “.

CTW Cayman was founded in 2013 and has 272 employees. The company is located at 29F, 1 Chome-9-10, ARK Hills Sengokuyama Mori Tower Roppongi, Minato City, Tokyo 106-0032, Japan and can be reached via phone at +050-1748-6333 or on the web at https://ctw.inc/?lang=en/.