CyberAgent, GMO, Japan Post, Nikkei, Nippon Life, Recruit and Salesforce-backed Sansan priced its shares at the top of its range today and will raise $360m including the over-allotment option.
Sansan, a Japan-based business card management platform backed by corporates CyberAgent, GMO, Japan Post, Nikkei, Nippon Life, Recruit and Salesforce, priced an initial public offering today that could raise approximately $360m.
The shares were priced at ¥4,500 ($41.70), at the top of the offering’s ¥4,000 to ¥4,500 range. The $360m figure includes the over-allotment option, though it is unclear whether the underwriters had already committed to purchasing the additional shares.
The company is set to list on the Tokyo…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
