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

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 value of the American Depositary Shares to be supplied, however indicated in an hooked up submitting payment schedule that it was seeking to elevate round $17M.

The corporate hopes to checklist 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 referred to as Rimawari-kun that’s used to crowdfund the acquisition and sale of actual property, solar energy crops it builds, and computer systems it builds for functions similar to crypto forex mining.

Syla additionally provides a platform referred to 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 crops and computer systems that it sells.

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

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