---
title: "Hong Kong-based restaurant operator Ga Sai Tong Enterprise files and sets terms for an $8 million US IPO"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258142988.md"
description: "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."
datetime: "2025-09-19T19:45:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258142988.md)
  - [en](https://longbridge.com/en/news/258142988.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258142988.md)
---

# Hong Kong-based restaurant operator Ga Sai Tong Enterprise files and sets terms for an $8 million US IPO

Ga Sai Tong Enterprise, a Hong Kong-based operator of Japanese-style restaurants, filed on Friday with the SEC to raise up to $8 million in an initial public offering.

The Hong Kong-based company plans to raise $8 million by offering 1.3 million shares at a price range of $5 to $7. At the midpoint of the proposed range, Ga Sai Tong Enterprise would command a market cap of $78 million.

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.

The Hong Kong-based company was founded in 2018 and booked $3 million in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol GST. Bancroft Capital is the sole bookrunner on the deal.

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