WealthNavi navigates its way through $173m IPO

Dec 23, 2020 • Robert Lavine

Sony, Opt, Gree and NEC scored exits as the online investment platform developer went public on the Tokyo Stock Exchange.

WealthNavi, a Japan-based robo-adviser developer that counts corporates Gree, Sony, Opt and NEC Corporation as investors, 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 appetite of…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.

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