Gravity AI, an apac-focused digital supply chain platform provider, raised the proposed deal size for its upcoming IPO on Friday.
The Grand Cayman, Cayman Islands-based company now plans to raise $28 million by offering 6.3 million shares at a price range of $4 to $5. The company had previously filed to offer 3.8 million shares at the same range. At the midpoint of the revised deal size, Gravity AI will raise 67% more in proceeds than previously anticipated and command a market cap of $81 million (+16% versus previous terms).
Through its operating subsidiaries, Gravity AI provides supply chain visibility and execution software designed to integrate with logistics service providers’ ERP systems. Its software is designed to mitigate risk and provide data analytics, and has a focus on the early stages of production processes.
Gravity AI was founded in 2014 and booked $1 million in revenue for the 12 months ended December 31, 2025. It plans to list on the Nasdaq under the symbol HXAI. Dominari Securities and Revere Securities are the joint bookrunners on the deal.
