Japanese online classifieds startup Jimoty files for IPO

Jimoty Headquarters in Tokyo
Image credit: Jomoty

See the original story in Japanese.

Tokyo-based Jimoty, the Japanese startup behind online classifieds site under the same name, announced in late December that the IPO application to the Tokyo Stock Exchange (TSE) has been approved. Jimoty provides listings in a wide range of categories, including items for sale, job listings, services, and events.

The company will be listed on the TSE Mothers Market on Feb 7 with plans to offer 50,000 shares for public subscription and to sell 190,600 shares in over-allotment options for a total of 1,220,700 shares. The underwriting will be led by Daiwa Securities while Jimoty’s ticker code will be 7082.

Its share price range will be released on January 22 with bookbuilding scheduled to start on January 23 and pricing on January 29. According to the consolidated statement as of December 2018, they posted revenue of 935.89 million yen (about $9 million) with an ordinary profit of 7.06 million yen (about $64,000).

Led by Opt Holdings (30.68%), their major shareholders include NTT Docomo (16.22%), Infinity Venture Partners (14.23%), Proto Corporation (10.71%), Energy & Environment Investment (9.51%), Jimoty CEO Takahiro Kato (8.71%), Lifull (4.29%), Japan Best Rescue System (2.14%), and Seibu Shinkin Capital.

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Translated by Masaru Ikeda