Japan’s crowdsourcing/rewards platform operator Realworld files for IPO



See the original story in Japanese.

Tokyo-based Realworld, the company that operates a crowdsourcing/rewards platform in Japan, has announced that it has been approved for an IPO on the Tokyo Stock Exchange Mothers market on Friday. The company will be listed on September 18th with plans to offer 220,700 shares for public subscription and to sell 73,600 shares in over-allotment options for a total of 270,400 shares. The underwriting will be led by Daiwa Securities.

Its share price range will be released on August 29th, bookbuilding is scheduled to start on September 2nd and pricing on September 9th. According to the consolidated statement, they posted a revenue of 2 billion Japanese yen ($20 million) and an ordinary profit of 36 million yen ($351,000), or a net profit of 2 million yen ($20,000).

Since establishment in July 2005, the company has been operating several crowdsourcing/rewards platforms such as Crowd and Lifemile, the latter being acquired from CyberAgent in 2011. The combined total of users across these several platforms is 8.5 million.

Led by the company’s founder Masaaki Kikuchi (holding a 67.28% stake), its major shareholders include Incubate Fund, Nissay Capital, Recruit Strategic Partners, and Mobilecom.