The female-focused media services provider has listed in Japan, enabling Asahi Broadcasting, AsobiSystem, GMO, Gree, Hakuhodo DY, iStyle, MAK, NEC, Nexyz, Seraku, SoftBank and TBS to exit.
C Channel, a Japan-based media company backed by multiple corporates, has been listed on the Tokyo Stock Exchange’s Pro Market, which converted preferred shares into common stock without a public offering taking place.
Founded in 2015, C Channel runs media and e-commerce services targeting the female demographic. Proceeds from the listing will go to recruitment, e-commerce and fundraising capabilities.
The company raised ¥700m ($6.3m) from investors including internet and telecommunications firm SoftBank in March this year, according to Media Innovation…
