Hong Kong Web3 security software provider CyberScope Web3 Security has submitted an application to list on the US stock market and plans to raise $5 million.

CyberScope Web3 Security, which provides Web3 network security and compliance solutions for digital asset platforms, announced its IPO terms on Tuesday. The company plans to raise $5 million by issuing 1 million shares of stock, with an offering price range from $4 to $6 per share. Based on the mid-point of the proposed price range, the market value of CyberScope Web3 Security would reach $105 million. CyberScope is a Web3 security and compliance service provider specializing in smart contract auditing, anti-money laundering (AML)/know your customer (KYC) screening, penetration testing, and blockchain vulnerability assessments. The company has completed over 2,700 smart contract audits and 500 KYC verifications for more than 3,000 clients in North America, Europe, Asia, and other markets, including DeFi platforms, token issuers, and infrastructure providers, securing over $20 billion in digital assets. The company's service suite utilizes four proprietary tools: Cyberscan, Similarityscan, Safescan, and Signaturescan, to provide automated and manual code reviews, similarity analysis, transaction monitoring, and signature searches. Its audit badges have been recognized by platforms such as CoinMarketCap, PinkSale, and Unicrypt. Established in 2023, CyberScope Web3 Security generated $1 million in revenue in the 12 months ending on June 30, 2025. The company plans to list on Nasdaq under the ticker symbol CYSC. Maxim Group LLC is the sole bookrunner for this transaction.