Hong Kong-based restaurant operator Ga Sai Tong Enterprise files and sets terms for an $8 million US IPO
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Ga Sai Tong Enterprise, a Hong Kong-based operator of Japanese-style restaurants, has filed with the SEC for an initial public offering (IPO) to raise up to $8 million. The company plans to offer 1.3 million shares priced between $5 and $7, aiming for a market cap of $78 million. Founded in 2018, it operates three restaurants and reported $3 million in revenue for the year ending June 30, 2025. The company intends to list on Nasdaq under the symbol GST, with Bancroft Capital as the sole bookrunner.
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