TryHard, a Japanese entertainment company, said Thursday it has priced an initial public offering of about 1.5 million shares at $4 per share for expected gross proceeds of about $6.1 million.
Of these shares, about 1.1 million are being sold by the company, while 457,500 shares are being sold by certain selling shareholders.
Underwriters have been granted a 45-day option to purchase up to 228,750 additional shares.
The shares are expected to begin trading on Nasdaq under the ticker symbol "THH" this Thursday, with the offering expected to close Friday.
Proceeds from the offering will be used for general corporate purposes.
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