The multicorporate-backed operator of a keyless lock app called Akerun will list on the TSE’s Mothers Market next month in an IPO set to value it at $204m.

Photosynth, the Japan-based creator of a smart lock app dubbed Akerun that counts a host of corporates among its investors, has received approval to float on the Tokyo Stock Exchange (TSE).

The company is set to list on TSE’s Mothers Market on November 5 and will issue 700,000 shares, with 947,000 additional shares reserved for the greenshoe option. The price range will be fixed on October 19, with bookbuilding scheduled for the following day and pricing on October 26.

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Edison Fu

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