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Posted by
Two Blokes May 19 -
Filed in
General
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#TwoBlokesTrading
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CTW Cayman has filed to raise nearly $21 million in a U.S. IPO. The company is highly dependent on a few games and developers, with most revenue concentrated in Japan, posing various concentration risks. IPO proceeds are earmarked for global expansion, but the HTML5 gaming market faces headwinds as mobile gaming grows in popularity.
