Hong Kong catering company Ga Sai Tong (GST.US) sets IPO pricing at $5-7 per share, aiming to raise $8 million.

On September 19th, Hong Kong-based catering company Ga Sai Tong Enterprise Limited (GST.US) submitted a prospectus to the U.S. Securities and Exchange Commission (SEC) with plans to go public on the NASDAQ in the United States. The company plans to issue 1.3 million shares at a price of $5 to $7 per share, raising up to $8 million. Based on the mid-point of the proposed range, Ga Sai Tong's market value will reach $78 million. As a well-established catering group in Hong Kong, Ga Sai Tong offers a diverse range of dishes including Japanese grilled bird cuisine, fusion French-Japanese cuisine, and authentic Japanese sashimi/sushi cuisine. As of the prospectus date, the company operates three restaurants in a commercial property in Tsim Sha Tsui, Hong Kong, namely Akai Honoo, Ankoma, and Kuno. Founded in 2018, the Hong Kong-based company had revenue of $3 million in the 12 months ending on June 30th, 2025. The company plans to list on the NASDAQ with the ticker symbol GST. Ga Sai Tong submitted the confidential draft prospectus to the SEC on May 28th, 2025. Bancroft Capital is the sole bookrunner for this transaction.