Ga Sai Tong Enterprise, a Hong Kong-based operator of Japanese-style restaurants, raised the proposed deal size for its upcoming IPO on Monday.
The Hong Kong-based company now plans to raise $31 million by offering 6.3 million shares at a price range of $4 to $6. The company had previously filed to offer 3 million shares at a price range of $5 to $7. They had originally filed in September 2025 to offer 1.3 million at the same range, then offered more shares until withdrawing their IPO filings in January 2026. At the midpoint of the revised terms, Ga Sai Tong Enterprise will raise 74% more in proceeds than previously anticipated and command a market cap of $81 million (+4% versus previous terms).
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.
Ga Sai Tong Enterprise was founded in 2018 and booked $3 million in revenue for the 12 months ended December 31, 2025. It plans to list on the NYSE American under the symbol GST. Craft Capital Management is the sole bookrunner on the deal.
