Metaps, which has grown from an app monetisation platform into a more diversified technology business, is set to go public, giving exits to Intec and MotionBeat.

Metaps, an app monetisation company backed by investors including IT services provider Intec and mobile advertising company MotionBeat, was approved on Friday for an initial public offering in its home country of Japan.

The IPO is scheduled to take place on August 28 and is expected to raise ¥3.8bn ($30.7m) for Metaps, which will initially issue 1.15 million shares on the Tokyo Stock Exchange.

Founded in 2007, Metaps is best known for its app monetisation platform but has diversified into…

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