Japanese ad platform operator FreakOut applied and was approved for an IPO on the Tokyo Stock Exchange Mothers Market today. The company is expected to be listed on June 24th, with plans to offer 530,000 shares for public subscription and to sell 112,500 shares in over-allotment options for a total of 332,500 shares.
The company was launched back in October of 2010, and subsequently introduced demand-side platform FreakOut in January of 2012 and data management platform Mother in March of 2013. ...continue reading ...
The Bridge 5/19/2014 [en]
- The economic situation in venture industry of Japan has been getting better recently, but it is also difficult to estimate until when the trend lasts. It may be a good timing to go IPO now. With the capital raised by IPO, FreakOut may accelerate the global strategy.