TSE’s Mothers Market has approved an IPO for the engineer-oriented staffing services provider that would enable Crooz, InterWorks, MyNavi, Sega Sammy and Vector to exit.

Branding Engineer, a Japan-based specialised recruitment services provider backed by corporates Crooz, InterWorks, MyNavi, Sega Sammy and Vector, was approved to float on the Tokyo Stock Exchange (TSE) yesterday.

The company will be listed on TSE’s Mothers Market on July 7 and expects to issue 260,000 shares, with 40,000 shares reserved for the greenshoe option.

The price range for the initial public offering (IPO) will be set on June 18, before bookbuilding between June 22 and 26 and pricing on…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.