Hong Kong restaurant company Ga Sai Tong (GST.US) once again raised the size of its IPO and plans to raise US$31 million

The Zhitong Finance App learned that Ga Sai Tong Enterprise Limited (GST.US), a Japanese restaurant operator headquartered in Hong Kong, China, has raised the proposed fund-raising scale for its upcoming IPO.

The company currently plans to issue 6.3 million shares in the issue price range of $4 to $6 per share and raise $31 million. The company's previously declared offering plan was to issue 3 million shares in the range of $5 to $7 per share.

It first declared the issuance of 1.3 million shares in the same price range in September 2025, and continued to issue additional shares until January 2026 when it withdrew its IPO filing. Based on the midpoint of the range of the revised terms, Ga Sai Tong Enterprise's fundraising amount will be 74% higher than previously anticipated, and the market value will reach US$81 million (4% increase from the previous provision).

The company is the operator of three Japanese restaurants, and its restaurant portfolio includes Japanese yakitori restaurant Akai Honoo, French-Japanese fusion restaurant Ankoma, and Japanese restaurant Kuno. These restaurants offer a variety of dining options, from casual dining to fine dining.

Ga Sai Tong Enterprise was founded in 2018 and recorded $3 million in revenue over the 12 months ending December 31, 2025. The company plans to list on the NYSE American market (NYSE American) under the stock code GST. Craft Capital Management was the sole bookkeeper for this transaction.