TryHard Holdings

THH

Market cap $433M

TryHard Holdings Ltd Celebrates Nasdaq Listing with Closing Bell Ceremony, Marking a Significant of Milestone towards a New Chapter in its Company Journey

OSAKA, Japan, Sept. 10, 2025 (GLOBE NEWSWIRE) -- TryHard Holdings Limited ("TryHard" or the "Company", Nasdaq: THH) today announced that, in line with the capital alliance executed last year, TryHard together with its wholly-owned subsidiary, TryHard Japan Co., Ltd.

Four small issuers and two SPACs priced offerings in the past week, and a few names joined the pipeline. The largest deals of the week came from the pair of blank check IPOs. There are no IPOs currently scheduled for the short Labor Day week ahead, though we expect to see the first wave of September launches.

OSAKA, Japan, Aug. 29, 2025 (GLOBE NEWSWIRE) -- TryHard Holdings Limited ("TryHard" or the "Company"), a lifestyle entertainment company in Japan with principal businesses comprising of (i) event curation; (ii) consultancy and management services; (iii) sub-leasing of entertainment venues; and (iv) ownership and operation of restaurants, today announced the closing of its previously announced initial public offering (the “Offering”) of an aggregate 1,525,000 ordinary shares of par value $0.00002 per share (the “Ordinary Shares”), at a public offering price of $4.00 per share, of which 1,067,500 Ordinary Shares are offered by the Company and 457,500 Ordinary Shares are offered by certain selling shareholders, for total gross proceeds of approximately $7 million, before deducting underwriting discounts and offering expenses. The Company did not receive any proceeds from the sale of shares by the selling shareholders.

OSAKA, Japan, Aug. 28, 2025 (GLOBE NEWSWIRE) -- TryHard Holdings Limited ("TryHard" or the "Company"), a lifestyle entertainment company in Japan with principal businesses comprising of (i) event curation; (ii) consultancy and management services; (iii) sub-leasing of entertainment venues; and (iv) ownership and operation of restaurants, today announced the pricing of its initial public offering (the "Offering") of an aggregate of 1,525,000 ordinary shares of par value $0.00002 per share (the “Ordinary Shares”), at a public offering price of US$4.00 per share, of which 1,067,500 Ordinary Shares are offered by the Company and 457,500 Ordinary Shares are offered by certain selling shareholders, for a total offering size of approximately $6,100,000 before deducting underwriting discounts and other related expenses, assuming the underwriter does not exercise its option to purchase additional Ordinary Shares. The Company will not receive any proceeds from the sale of Ordinary Shares by the selling shareholders.

TryHard Holdings has filed proposed terms for a $7 million U.S. IPO. The Japanese event management market is large and growing, but highly fragmented and competitive, making sustained profitability challenging for TryHard. Management's IPO valuation appears excessive, with a high EV/EBITDA and Price/Sales multiple despite worsening financial results.