Dentsu, Globis, Gree, Link and Motivation, Rakuten, Salesforce and Yahoo Japan are set to exit the recruitment services group in an IPO in Tokyo.

Visional, the Japan-headquartered operator of online recruitment service BizReach, which is backed by a host of corporate investors, has been approved to list on the Tokyo Stock Exchange’s Mothers Market.

The initial public offering (IPO) will involve the company issuing some 21 million shares with approximately 267,000 more for the overallotment option. Nomura Securities and Mitsubishi UFJ Morgan Stanley Securities are lead underwriters for the listing, which is set to take place on April 22.

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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