KTech Solutions, a Hong Kong-based toymaker specializing in educational toys and learning kits, raised $6 million by offering 1.6 million shares at $4, as expected. The company offered 0.4 million fewer shares than anticipated.
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 plans to list on the Nasdaq under the symbol KMRK. American Trust Investment Services acted as sole bookrunner on the deal.
