Joybyte Holdings, a Hong Kong-based mobile gaming platform, announced terms for its IPO on Friday.
The Hong Kong-based company plans to raise $31 million by offering 6.3 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Joybyte Holdings would command a market cap of $116 million.
Joybyte Holdings, through its wholly-owned subsidiary Grand Universe, distributes casual and social mobile games to players globally outside of China. Its portfolio includes mobile games such as Annie’s Pursuit and Wasteland Billionaire, which primarily operate under a free-to-play model that generates revenue through in-game advertising and purchases of virtual items. The company focuses on game marketing and monetization while generally licensing games from third-party developers.
Joybyte Holdings was founded in 2023 and booked $1 million in revenue for the 12 months ended December 31, 2025. It plans to list on the Nasdaq under the symbol JOYB. American Trust Investment Services is the sole bookrunner on the deal.
