Japan-based internet services provider RealWorld has been approved for an initial public offering on the Tokyo Stock Exchange Mothers market, The Bridge reported yesterday.
RealWorld is the operator of a crowdsourcing platform for small tasks and boasts around 8.5 million users.
The company’s largest shareholder is founder Masaaki Kikuchi, who owns a 67.3% stake.
Other shareholders include Nippon Insurance subsidiary Nissay Capital, Recruit Strategic Partners, which acts as a subsidiary of human resources company Recruit, Incubate Fund and Mobilecom.
RealWorld will list on September 18th, issuing just over 220,000 shares, though this could be increased to 270,000 if underwriters including Daiwa Securities take up an option to acquire more shares to cover over-allotments.