SmartNews, an information app, listed on the Tokyo Stock Exchange Growth Market. Its expected market capitalisation was ¥43 billion, roughly 80% below its valuation of more than ¥200 billion in 2021.
SmartNews, an information app, listed on the Tokyo Stock Exchange Growth Market on 15 December. It received listing approval from the Tokyo Stock Exchange on the same day.
The company's expected market capitalisation was ¥43 billion, compared with a valuation of more than approximately ¥200 billion in the past. The listing was said to have reduced its valuation by roughly 80%.
According to the securities registration statement, the secondary offering price was announced as ¥1,390 per share.