Seahawk Recycling Holdings, a Japan-based provider of paper and scrap metal recycling services, filed on Thursday with the SEC to raise up to $10 million in an initial public offering.
The Tokyo, Japan-based company plans to raise $10 million by offering 2 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Seahawk Recycling Holdings would command a market cap of $128 million.
The company provides recycling services in Japan, including both scrap metal recycling (70% of FY25 revenue), where the company acquires waste metal from collection companies and supplies it to smelters or trading companies, and waste paper recycling (27%), where the company sources waste paper and supplies it to pulp mills and trading companies. The company delivers recycled products both domestically and throughout the Asia Pacific region.
The Tokyo, Japan-based company was founded in 2013 and booked $65 million in revenue for the 12 months ended March 31, 2025. It plans to list on the Nasdaq under the symbol SEAH. Seahawk Recycling Holdings filed confidentially on July 24, 2025. Cathay Securities is the sole bookrunner on the deal.
