CTW Cayman Seeks U.S. IPO For Expansion Plans

May 19, 2025 10:48 AM ETCTW Cayman (CTW) StockCTW
(9min)

Summary

  • CTW Cayman has filed to raise nearly $21 million in a U.S. IPO.
  • The company is highly dependent on a few games and developers, with most revenue concentrated in Japan, posing various concentration risks.
  • IPO proceeds are earmarked for global expansion, but the HTML5 gaming market faces headwinds as mobile gaming grows in popularity.
  • I remain cautious on the IPO given rising costs, competitive and concentration risks.
  • Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More »

Young confident Asian man playing online computer video game, colorful lighting broadcast streaming live at home. Gamer lifestyle, E-Sport online gaming technology concept

Sushiman

CTW Is Growing, But Operating Profits Have Evaporated

CTW Cayman (CTW) has filed to raise $20.7 million in an IPO of its Class A ordinary shares, according to SEC F-1 registration information.

The company provides a web-based gaming

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This article was written by

20.99K Followers

Donovan Jones is a research specialist with 15 years of experience identifying opportunities for IPOs and public software companies.

He also leads the investing group IPO Edge, which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.

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