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…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.