The company database and news app operator, backed by GMO, Yahoo Japan, Itochu and Kodansha, will float in its home country of Japan next month.

Uzabase, a Japan-based corporate database and curated news app provider backed by several corporates, was been approved for a flotation on the Tokyo Stock Exchange on Thursday.

The company is scheduled to list on TSE Mothers Market on October 21, 2016, and will issue 543,000 shares, with an additional 114,000 reserved for an over-allotment option. It expects to have a market cap of about ¥17.8bn ($175m).

Founded in 2008, Uzabase initially concentrated on an online database for business and industry…

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