CyberScope Web3 Security, which provides Web3 cybersecurity and compliance solutions for digital asset platforms, raised the proposed deal size for its upcoming IPO on Thursday.
The George Town, Cayman Islands-based company now plans to raise $19 million by offering 3.8 million shares at a price range of $4 to $6. The company had previously filed to offer 1 million shares at the same range. At the midpoint of the revised deal size, CyberScope Web3 Security will raise 275% more in proceeds than previously anticipated and command a market cap of $119 million (+13% versus previous terms).
CyberScope is a Web3 security and compliance provider specializing in smart contract audits, AML/KYC screening, penetration testing and blockchain vulnerability assessments. The company has completed over 2,700 smart contract audits and more than 500 KYC verifications for over 3,000 clients across DeFi platforms, token issuers and infrastructure providers in North America, Europe, Asia and other markets, securing over $2 billion in digital assets. The company’s service suite leverages four proprietary tools: Cyberscan, Similarityscan, Safescan and Signaturescan, to deliver automated and manual code reviews, similarity analysis, transaction monitoring and signature search, with audit badges accepted by platforms such as CoinMarketCap, PinkSale and Unicrypt.
CyberScope Web3 Security was founded in 2023 and booked $1 million in sales for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol CYSC. Maxim Group LLC is the sole bookrunner on the deal.
