Ga Sai Tong Enterprise, a Hong Kong-based operator of Japanese-style restaurants, filed on Friday with the SEC to raise up to $8 million in an initial public offering.
The Hong Kong-based company plans to raise $8 million by offering 1.3 million shares at a price range of $5 to $7. At the midpoint of the proposed range, Ga Sai Tong Enterprise would command a market cap of $78 million.
The company is an operator of three Japanese-style restaurants, its portfolio including Japanese yakiitori restaurant Akai Honoo, French-Japanese fusion restaurant Ankoma, and Japanese restaurant Kuno. The restaurants serve a range of dining formats, from casual meals to fine dining.
The Hong Kong-based company was founded in 2018 and booked $3 million in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol GST. Bancroft Capital is the sole bookrunner on the deal.
