Go Inc. Starts Tokyo Trading After ¥88.6 Billion IPO Drew 25 Times Demand
Updated
Updated · Bloomberg · Jun 15
Go Inc. Starts Tokyo Trading After ¥88.6 Billion IPO Drew 25 Times Demand
1 articles · Updated · Bloomberg · Jun 15
Summary
Tuesday’s Tokyo debut puts Go Inc. to an immediate market test after Japan’s biggest IPO of 2026 so far priced last week.
¥88.6 billion was raised in the offering, valuing the Goldman Sachs-backed taxi-hailing app company at about ¥186 billion.
More than 25 times the offered shares were sought, according to a person familiar with the matter, signaling strong pre-listing demand.
International investors received 70% of the deal, while local retail buyers got 25% and domestic institutions 5%, making the first-day trade a gauge of foreign-led appetite for Japanese listings.