SmartNews plans December Tokyo listing after seeking $317M IPO valuation

Co-founders Kaisei Hamamoto and Ken Suzuki plan to take SmartNews public on December 15th at an indicative price of 1,390 yen per share. An earlier reported valuation target was well below its $2 billion private mark in 2021; the final valuation remains unknown.

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A bronze bell with a red-and-white rope hangs beside a stone sign reading 東京証券取引所, with a Japanese flag and cherry blossoms nearby.

Co-founders Kaisei Hamamoto and Ken Suzuki plan to take SmartNews public on December 15th at an indicative price of 1,390 yen per share. An earlier reported valuation target was well below its $2 billion private mark in 2021; the final valuation remains unknown.