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Thursday, December 1, 2022

Japanese asset administration platform Syla Applied sciences information for $17M US IPO

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Japanese asset administration platform Syla Applied sciences (SYT) has filed for a proposed $17M US preliminary public providing.

Syla did not specify in its submitting the quantity or worth of the American Depositary Shares to be provided, however indicated in an connected submitting price schedule that it was trying to elevate round $17M.

The corporate hopes to record its shares on NYSE or Nasdaq below the image SYT. Boustead Securities is serving as lead bookrunner.

Primarily based in Tokyo, Syla operates an asset administration platform focused at particular person traders known as Rimawari-kun that’s used to crowdfund the acquisition and sale of actual property, solar energy vegetation it builds, and computer systems it builds for functions corresponding to crypto forex mining.

Syla additionally presents a platform known as Rimawari-kun Professional focused at institutional traders, company traders and excessive net-worth people. The corporate additionally manages and maintains the properties, solar energy vegetation and computer systems that it sells.

The corporate is worthwhile. For the six-month interval ended June 30, Syla posted web revenue of $1M on income of $65M.

For extra IPO information, try SA’s IPO Information web page.

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