Japanese stock photo service Pixta files for IPO



See the original story in Japanese.

Japan’s Pixta, a Tokyo-based company providing online stock photo service under the same name, had its IPO application with the Tokyo Stock Exchange approved today. The company will be listed on the TSE Mothers Market on 14 September with plans to offer 180,000 shares for public subscription and to sell 68,400 shares in over-allotment options for a total of 277,900 shares. The underwriting will be led by Nomura Securities. Its share price range will be released on 3 September, bookbuilding is scheduled to start on 27 August.

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According to the consolidated statement as of December 2014, they posted a revenue of 1.07 billion yen ($8.6 million) and an ordinary profit of 98 million yen ($790,000). Their latest quarter revenue was 649 million yen ($5.2 million) with an operating profit of 74 million yen ($594,000). Major shareholders include Pixta CEO Daisuke Komata (29.27%), Global Capital Partners (22.19%), and PE&HR (16.45%).

Pixta was incorporated in August 2005 as the previous name of Onboard, followed by the launch of the Pixta online stock photo service in 2006. The website allows amateur and professional photographers to upload and sell their photos online, which is the largest service in this sector in the Japanese market. According to Tech in Asia’s report of April 2014, the company has a staff of 70 and has attracted over 120,000 photographers.

Translated by Masaru Ikeda
Edited by Kurt Hanson