KTech Solutions, a Hong Kong-based toymaker specializing in educational toys and learning kits, filed on Monday with the SEC to raise up to $9 million in an initial public offering.
The company plans to raise $9 million by offering 2 million shares at a price range of $4 to $5. At the midpoint of the proposed range, KTech Solutions would command a market value of $97 million.
KTech is principally engaged in the design, development, testing, and sale of a diverse portfolio of toy products ranging from simple plastic toy products to more complex electromechanical toy products. The company specializes in the development of infant and pre-school educational toys and learning kits, and its customers are primarily located in Europe and North America.
KTech Solutions was founded in 2016 and booked $19 million in sales for the 12 months ended September 30, 2024. It plans to list on the Nasdaq under the symbol KMRK. The company filed confidentially on January 2, 2025. American Trust Investment Services is the sole bookrunner on the deal.
