Adtech developer Fringe81, whose backers include corporates NTT Docomo, Dentsu and Itochu, is set to float on the Tokyo Stock Exchange.

Fringe81, a Japan-based advertising software provider backed by corporates including media companies Gree and TBS, has filed for an initial public offering on the Tokyo Stock Exchange, The Bridge has reported.

The company is expected to float on June 27, 2017, offering 108,800 shares priced at $18.60 each – placing the size of the IPO at just over $2m. The underwriters, led by Nomura Securities, have been granted 39,000 shares in over-allotment options, which would boost the offering to nearly…