Hong Kong mobile game platform Joybyte Holdings (JOYB.US) plans to price its IPO at $4-6, aiming to raise $31 million.

Hong Kong mobile game platform operator Joybyte Holdings (JOYB.US) announced the terms of its US IPO last Friday. The Hong Kong company plans to issue 6.3 million shares at a price range of $4-6 per share, raising $31 million. Based on the midpoint of the pricing range, Joybyte Holdings' valuation would reach $116 million. Joybyte Holdings distributes casual and social mobile games to global markets outside of mainland China through its wholly-owned subsidiary, Grand Universe. Its product portfolio includes games like "Annie's Pursuit" and "Wasteland Billionaire", which mainly operate on a free-to-play model and generate profit through in-game advertising and virtual item sales. The company focuses on game marketing and commercial operation, with game content typically provided by third-party developers. Established in 2023, Joybyte Holdings recorded revenue of $1 million in the past 12 months ending on December 31, 2025. The company plans to list on the Nasdaq under the stock symbol JOYB, with American Trust Investment Services as the sole bookrunner for this IPO.