Hong Kong-based restaurant operator CSC Collective Holdings Limited has increased the proposed size of its upcoming U.S. initial public offering. The company, which operates two high-end Japanese restaurants in Hong Kong, now plans to offer 4.5 million shares at a price range of $4 to $5 per share, aiming to raise approximately $20 million. This marks a significant increase from its earlier filing to offer 1.5 million shares within the same price range. Based on the midpoint of the revised offering size, the company's proceeds would be 200% higher than previously anticipated. Under the updated IPO terms, CSC Collective Holdings Limited would meet the Nasdaq's new listing requirements, which include maintaining a minimum public float of shares valued at no less than $15 million. The company's portfolio includes Teppanyaki Mihara Goten, a comprehensive Japanese restaurant, and Sukiyaki Nakagawa, which specializes in traditional Japanese sukiyaki. These restaurants are located in Causeway Bay and Wan Chai, two popular dining districts in Hong Kong. Public information indicates that CSC Collective Holdings Limited was established in 2022 and generated revenue of approximately $7 million for the 12-month period ending October 31, 2025. The company intends to list on the Nasdaq under the stock symbol "CSC." Z2 Capital and Revere Securities are acting as joint bookrunners for the offering.
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