Flea market app operator Mercari Inc priced its initial public offering (IPO) at the top of an indicative range on Monday, a regulatory filing showed, in Japan’s biggest IPO so far this year that is raising 130.7 billion yen ($1.19 billion).
Mercari said in the filing the IPO had been priced at 3,000 yen per share, at the top of a book-building range of 2,700-3,000 yen.
The firm, which offers a popular smartphone app that allows people to trade used items online, will list on the Tokyo Stock Exchange’s Mothers market on June 19.
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Reuters
