Go Inc targets $1.3 billion valuation in Tokyo IPO
Updated
Updated · Bloomberg · May 8
Go Inc targets $1.3 billion valuation in Tokyo IPO
7 articles · Updated · Bloomberg · May 8
The Goldman Sachs-backed taxi-hailing app operator aims to raise up to ¥90 billion and could announce the offering as soon as next week.
People familiar with the matter said Go is targeting a mid-June listing in Tokyo, though discussions on the offer structure and size are continuing.
The plans would mark a major public-market step for one of Japan's leading taxi-app companies, but the valuation and fundraising terms remain subject to change.
Can a $1.3B IPO shield Japan's top taxi app from global ride-hailing giants like Uber and Didi?
Japan favors IPOs over acquisitions. Will Go Inc.’s listing create a new tech titan or just a short-lived stock pop?