CTW Cayman, a Japanese web-based gaming platform, raised $12 million by offering 2.4 million shares at $5, the low end of the range of $5 to $6. The company offered 0.6 million fewer shares than anticipated.
CTW is a globally accessible, web-based gaming platform, offering players an immersive digital space through its flagship HTML5 platform, G123.jp. Its platform showcases a diverse selection of free-to-play games inspired by popular Japanese animations, and its primary focus is serving game developers as core customers by providing a comprehensive platform that helps them generate revenue and reach a global audience. The company currently has 28 games on its platform and 9 games in pre-registration.
CTW Cayman plans to list on the Nasdaq under the symbol CTW. Kingswood Capital Markets acted as sole bookrunner on the deal.
