218
Fashion Jobs
SHIMANO
Brand Coordinator
Permanent · UPPSALA
L'OREAL GROUP
Pharmacy Representative - Dermatological Beauty Division - Gothenburg Region
Permanent ·
GANT
Business Controller
Permanent · STOCKHOLM
GANT
Senior Business Controller
Permanent · STOCKHOLM
H&M
Operations Manager to h&m Distribution Center Borås
Permanent · BORÅS
H&M
Web Analyst / qa Data Layer Resource
Permanent · STOCKHOLM
H&M
Data Analyst to h&m – Supply Planning
Permanent · STOCKHOLM
H&M
Engineering Manager Sap Platforms, Sap Dev & Tech
Permanent · STOCKHOLM
H&M
Wifi Solution Architect - Network
Permanent · STOCKHOLM
H&M
Cyber Security Iam Manager
Permanent · STOCKHOLM
NAKD
Head of Sales
Permanent · GOTHENBURG
NAKD
Head of Commercial Business Control
Permanent · GOTHENBURG
H&M
Pension & Benefits Administrator And Process Improver
Permanent · STOCKHOLM
H&M
Technical Engineer For Warehouse Devices Management
Permanent · STOCKHOLM
H&M
Junior Planner to h&m Assortment- Open Application
Permanent · STOCKHOLM
RALPH LAUREN
Sales Professional
Permanent · STOCKHOLM
H&M
Advanced User Team Leader
Permanent · ESKILSTUNA
ZALANDO
Principal Product Manager - Data And Platform (All Genders)
Permanent · STOCKHOLM
ESSILORLUXOTTICA GROUP
Key Account Manager Nordics
Permanent · GOTHENBURG
H&M
Production Manager – Singular Society
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Finance & Compliance (All Genders)
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Returns Shipping Solutions
Permanent · STOCKHOLM
Ads
By
Reuters
Published
May 14, 2018
Download
Download the article
Print
Text size

Japanese marketplace app Mercari launches $1.1 billion IPO

By
Reuters
Published
May 14, 2018

Flea market app operator Mercari Inc has received approval for an initial public offering in Tokyo that will raise up to $1.1 billion, a regulatory filing showed on Monday, giving investors a rare chance to buy into a Japanese unicorn.




Mercari, 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, the filing with the Finance Ministry showed.

At Mercari’s indicative price range of 2,200-2,700 yen per share, the company will sell up to 117.6 billion yen ($1.1 billion) in shares and have a market value of 365.4 billion yen ($3.3 billion) upon listing.

The final price will be determined on June 11.

Founded in 2013, Mercari is a rare example of a unicorn - a startup with a valuation above $1 billion - in a country that is known for successful giant corporations but lacks a start-up scene.

The company is widely expected to use the funds from its IPO to finance overseas expansion. Gaining traction in the United States is crucial for Mercari’s global success, its chief executive told Reuters last month.

Mercari’s U.S. business is headed by former Facebook Inc executive John Lagerling, who was hired last year. The app has been downloaded over 30 million times in the United States, versus 60 million in Japan.

© Thomson Reuters 2024 All rights reserved.