K-TECH SOLUTIONS CO LTD (KMRK) to Raise $8 Million in IPO

K-TECH SOLUTIONS CO LTD (KMRK) is planning to raise $8 million in an initial public offering (IPO) on Friday, July 11th, IPO Scoop reports. The company will issue 2,000,000 shares at $4.00 per share.

In the last twelve months, K-TECH SOLUTIONS CO LTD generated $19.3 million in revenue and $910,000 in net income. K-TECH SOLUTIONS CO LTD has a market-cap of $68 million.

American Trust Investment Services served as the underwriter for the IPO.

K-TECH SOLUTIONS CO LTD provided the following description of their company for its IPO: “(Incorporated in the British Virgin Islands) We are principally engaged in the design, development, testing and sale of a diverse portfolio of toy products ranging from simple plastic toy products to more complex electromechanical toy products. Our solution services span across the entire development stage of toy products from design, prototype testing, production management, quality control to after-sales services. We specialize in the development of infant and pre-school educational toys and learning kits. Note: Net income and revenue are in U.S. dollars for the 12 months that ended Sept. 30, 2024. (Note: K-Tech Solutions Co. Ltd. is offering 2.0 million shares at an assumed IPO price of $4.00 each to raise $8.0 million, according to its F-1/A filing.) “.

K-TECH SOLUTIONS CO LTD was founded in 2016 and has 15 employees. The company is located at Unit A, 7/F, Mai On Industrial Building 17-21 Kung Yip Street, Kwai Chung New Territories, Hong Kong and can be reached via phone at +852 2741 3165.