APAC-focused digital supply chain platform provider Gravity AI ups shares offered by 67% ahead of $28 million US IPO
Summary
Gravity AI increased the shares offered in its planned US IPO to 6.3 million shares at a $4–$5 range, targeting $28 million in proceeds. The revised deal size raises expected proceeds by 67% versus the prior 3.8 million-share filing and implies a midpoint market cap of about $81 million (up 16% from earlier terms). Gravity AI provides APAC-focused supply chain visibility and execution software that integrates with logistics service providers’ ERP systems and emphasizes early-stage production risk mitigation and analytics. Founded in 2014, the company reported $1 million in revenue for the 12 months ended December 31, 2025, plans to list on Nasdaq under the symbol HXAI, and named Dominari Securities and Revere Securities as joint bookrunners.