UTokyo Innovation Platform has scored an exit as the online investment platform developer went public on the Tokyo Stock Exchange.
WealthNavi, a Japan-based robo-adviser developer that counts University of Tokyo (UTokyo) Innovation Platform as an investor, floated in Japan yesterday in a ¥17.9bn ($173m) initial public offering, Bloomberg reported.
The company’s shares were priced at ¥1,150 each and that price increased 68% on its first day of trading on the Tokyo Stock Exchange valuing it at just over $500m.
Founded in 2015, WealthNavi has built an online investment platform that utilises artificial intelligence technology to assess the risk…