CTW

CTW (CTW) priced its initial public offering on Aug 7, 2025 at $5.00 per share, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $312M. Kingswood was lead-left underwriter. Gunderson Dettmer, Travers Thorp Alberga, Nishi Law Firm and Kudanzaka Law Office advised the company and Greenberg Traurig advised the underwriters.

CTW operates the G123.jp platform, an HTML5-based platform of free-to-play games inspired by popular Japanese animations. Players access games instantly on mobile devices and PCs without downloads or mandatory registration, and it also serves game developers.

Status

IPO

Ticker

CTW

Exchange

Nasdaq Capital Market

Priced

Aug 7, 2025

IPO price

$5.00

Market cap at IPO price

$312M

First filed

May 15, 2025

Underwriters

Kingswood

Company counsel

Gunderson Dettmer, Travers Thorp Alberga, Nishi Law Firm and Kudanzaka Law Office

Underwriters' counsel

Greenberg Traurig

Sector

Technology

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.