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Go Inc. raises $553 million in Japan’s largest IPO of the year at ¥2,400 a share

Go Inc., Japan’s largest ride-hailing platform, completed the country’s biggest IPO of the year on the Tokyo Stock Exchange, raising $553 million at an offer price of ¥2,400 per share and a valuation of ¥186 billion. International investors subscribed more than 20 times, with institutions including BlackRock and Wellington taking part. The company projects fiscal-year revenue of ¥40.8 billion, up 30% year on year. The listing was a single-stock fundraising event and did not directly trigger tradable price moves in traditional assets.
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