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Updated · Bloomberg · Jun 8Go Prices ¥88.6 Billion Tokyo IPO at ¥2,400 Upper Limit
2 articles · Updated · Bloomberg · Jun 8Summary
- Go set its IPO at ¥2,400 a share, the top of its marketed range, in Japan’s biggest listing so far this year.
- The sale raised ¥88.6 billion, or about $553 million, and valued the Goldman Sachs-backed taxi-hailing app provider at ¥186 billion.
- Investor demand supported the upper-end pricing after Go marketed the deal at ¥2,350 to ¥2,400 per share.
- The Tokyo listing is scheduled to begin trading on June 16.
Insights
Can Go Inc.'s record IPO finally revive Japan's dormant market for tech listings? How will Japan's top taxi app use its IPO cash against rivals Uber and Didi?