Canon, Kansai Electric Power, Mitsui Fudosan, NEC, NTT Docomo, So-net and T-Gaia were among the investors that scored exits as the CCTV system provider went public.
Japan-headquartered, multicorporate-backed camera surveillance technology provider Safie floated on the Tokyo Stock Exchange’s Mothers Market in an initial public offering late last month.
The IPO involved Safie issuing about 3.3 million new shares priced at ¥2,430 ($21.80) each last Wednesday, before they reached ¥3,700 ($33.20) later in the week, helping the company lift its market capitalisation to roughly $1.6bn.
Founded in 2014, Safie has built a cloud-integrated closed-circuit television (CCTV) platform that helps enterprise and private customers record high-resolution…
