DarkIris Inc. (NASDAQ: DKI), a Hong Kong-based mobile game developer and publisher, saw its stock price soar by an impressive 120% during its debut on the Nasdaq Capital Market. The surge comes after the company priced its initial public offering (IPO) at $4 per share, raising $6 million.
The company offered 1.5 million Class A ordinary shares, with trading commencing on Friday under the ticker symbol "DKI". The dramatic price increase reflects strong investor interest in the mobile gaming sector and DarkIris's potential for growth in the global market.
DarkIris plans to use the proceeds from the IPO to expand its operations team, develop new products, and for working capital. The company's focus on creating innovative mobile games for a global audience, leveraging Hong Kong's multicultural environment and technical expertise, appears to have resonated with investors. US Tiger Securities, Inc. acted as the sole book runner for the offering, which is expected to close around August 11, 2025.