TryHard Holdings closes $7 million IPO on Nasdaq

TryHard Holdings Limited (NASDAQ: THH) completed its initial public offering of 1,525,000 ordinary shares at $4.00 per share, generating gross proceeds of approximately $7 million. The Japan-based lifestyle entertainment company began trading on the Nasdaq Capital Market on August 28, 2025.

The offering included 1,067,500 shares sold by the company and 457,500 shares sold by existing shareholders. TryHard Holdings did not receive proceeds from the shares sold by selling shareholders. Underwriters exercised their over-allotment option in full on August 28, purchasing an additional 228,750 shares.

The company received net proceeds of approximately $2.7 million after deducting underwriting discounts and expenses. TryHard Holdings plans to use the proceeds for business development and marketing, strategic acquisitions or joint ventures, and working capital.

US Tiger Securities served as the sole underwriter for the firm commitment offering. The Securities and Exchange Commission declared the company's registration statement effective on August 27, 2025.

TryHard Holdings operates four main business segments: event curation, consultancy and management services, sub-leasing of entertainment venues, and restaurant ownership and operation. The company is based in Osaka, Japan.

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