IPO Companies

The following is a list of companies in which we have invested that have gone public between 2016 and 2020.They are listed newest to oldest.

FunPep Company Limitedhttps://www.funpep.co.jp/

Company Profile
Ticker symbol 4881
Market TSE Mothers
Address Ibaraki-shi , Osaka
Established October,2013
Business FunPep Company Limited researches and develops the next-generation peptides as pharmaceutical products.
Financial Highlights
（JPY in million）
  Dec-17 Dec-18 Dec-19
Revenue 101 355 301
Ordinary profit （193） （8） （232）
Net Income （204） （11） （235）

IPO information

Listing date December 25,2020
Public offering price JPY 650
Opening price JPY 715

WealthNavi Inc. https://www.wealthnavi.com/

Company Profile
Ticker symbol 7342
Market TSE Mothers
Address Shibuya-ku, Tokyo
Established April,2015
Business WealthNavi Inc. provides a service called "WealthNavi", a robo-advisor that manages assets based on risk management algorithms.
Financial Highlights
（JPY in million）
  Dec-17 Dec-18 Dec-19
Revenue 207 881 1,552
Ordinary profit （762） （1,718） （2,057）
Net Income （776） （1,721） （2,060）

IPO information

Listing date December 22,2020
Public offering price JPY 1,150
Opening price JPY 1,725

Kaizen Platform Inc. https://kaizenplatform.com/

Company Profile
Ticker symbol 4170
Market TSE Mothers
Address Minato-ku Tokyo
Established April,2017
Business Kaizen Platform Inc. operates the platform to improve website and ads.
Financial Highlights
（JPY in million）
  Dec-17 Dec-18(Consolidated) Dec-19(Consolidated)
Revenue 454 988 1,354
Ordinary profit （113） （454） （150）
Net Income （188） （459） （162）

IPO information

Listing date December 22,2020
Public offering price JPY 1,150
Opening price JPY 1,170

Kokopelli Inc.https://www.kokopelli-inc.com/

Company Profile
Ticker symbol 4167
Market TSE Mothers
Address Chiyoda-ku Tokyo
Established June,2007
Business Kokopelli Inc. develops and operates “Big Advance,” a business matching platform for SMEs for management support, and “FAI,” an AI screening model.
Financial Highlights
（JPY in million）
  Mar-18 Mar-19 Mar-20
Revenue 105 185 413
Ordinary profit （63） （98） （21）
Net Income （63） （98） （21）

IPO information

Listing date December 18,2020
Public offering price JPY 1,600
Opening price JPY 3,610

Cacco Inc.https://cacco.co.jp/

Company Profile
Ticker symbol 4166
Market TSE Mothers
Address Minato-ku Tokyo
Established January,2011
Business Cacco Inc. provides SaaS fraud detection service "O-PLUX" and “O-motion.
Financial Highlights
（JPY in million）
  Dec-17 Dec-18 Dec-19
Revenue 700 720 745
Ordinary profit 42 81 91
Net Income 50 80 114

IPO information

Listing date December 17,2020
Public offering price JPY 2,020
Opening price JPY 7,890

CREEMA LTD.https://www.creema.co.jp/

Company Profile
Ticker symbol 4017
Market TSE Mothers
Address Minato-ku Tokyo
Established March,2009
Business CREEMA LTD. develops and operates of “Creema,” an e-commerce platform for handmade products.
Financial Highlights
（JPY in million）
  Feb-18(Unconsolidated) Feb-19(Consolidated) Feb-20(Consolidated)
Revenue 890 1,150 1,517
Ordinary profit （346） （372） 45
Net Income （347） （373） （28）

IPO information

Listing date November 27,2020
Public offering price JPY 3,570
Opening price JPY 4,850

Lufax Holding Ltdhttps://www.lufaxholding.com/index

Company Profile
Ticker symbol LU
Market NYSE
Address No 1333 Lujiazui Ring Road 15/F, Pudong New District Shanghai China
Established December,2014
Business Lufax Holding Ltd operates the personal loan service and financial assets sales platform.
Financial Highlights
(RMB in 000’s)
  Dec-17 Dec-18 Dec-19
Revenue 27,818,985 40,499,559 47,833,768
Ordinary profit 8,363,712 18,649,260 19,433,841
Net Income 6,026,989 13,575,934 13,317,144

IPO information

Listing date October 30,2020
Public offering price USD 13.50 (per ADS)
Opening price USD 11.60 (per ADS)

Modalis Therapeutics Corporationhttps://www.modalistx.com/jp/

Company Profile
Ticker symbol 4883
Market TSE Mothers
Address Chuo-ku Tokyo
Established January,2016
Business Modalis Therapeutics Corporation Develops drugs using CRISPR technology and provision of platform technology
Financial Highlights
（JPY in million）
  Dec-18(Consolidated) Dec-19(Consolidated)
Revenue 65 644
Ordinary profit （213） 146
Net Income （217） 140

IPO information

Listing date August 3,2020
Offering price JPY 1,200
Opening price JPY 2,520

Goodpatch, Inc.https://goodpatch.com/

Company Profile
Ticker symbol 7351
Market TSE Mothers
Address Shibuya-ku, Tokyo
Established September,2011
Business Goodpatch, Inc. provides of services specialized in design and architecture of user interface (UI).
Financial Highlights
（JPY in million）
  Aug-18(Consolidated) Aug-19(Consolidated)
Revenue 1,371 1,683
Ordinary profit （11） 83
Net Income （22） 57

IPO information

Listing date June 30,2020
Offering price JPY 690
Opening price JPY 2,757

C Channel Corporationhttps://corp.cchan.tv/

Company Profile
Ticker symbol 7691
Market TOKYO PRO Market of the TSE
Address Minato-ku Tokyo
Established July,2014
Business C Channel Corporation facilitates “C Channel,” videos that can be viewed easily in a short time targeting women with high interest, and influencers marketing.
Financial Highlights
（JPY in million）
  Mar-18 Mar-19
Revenue 5,258 7,452
Ordinary profit （2,274） （1,704）
Net Income （2,335） （1,787）

IPO information

Listing date May 25,2020
Initial indicative price JPY 800
Opening price JPY 700

Cyber Security Cloud , Inc.https://www.cscloud.co.jp/

Company Profile
Ticker symbol 4493
Market TSE Mothers
Address Shibuya-ku, Tokyo
Established August,2010
Business Cyber Security Cloud , Inc. provides services to detect and block cyber attacks on websites and servers using AI technology.
Financial Highlights
（JPY in million）
  Dec-17(Unconsolidated) Dec-18(Unconsolidated) Dec-19(Unconsolidated)
Revenue 246 488 816
Ordinary profit （46） （27） 141
Net Income （52） （27） 153

IPO information

Listing date March 26,2020
Offering price JPY 4,500
Opening price JPY 9,210

AI inside Inc. https://inside.ai/

Company Profile
Ticker symbol 4488
Market TSE Mothers
Address Shibuya-ku, Tokyo
Established August,2015
Business AI inside Inc. provides AI-based handwriting OCR software and software that can processes documents data digitized by OCR.
Financial Highlights
（JPY in million）
  Mar-17 Mar-18 Mar-19
Revenue 41 279 445
Ordinary profit （140） （311） （182）
Net Income （140） （340） （183）

IPO information

Listing date December 25,2019
Offering price JPY 3,600
Opening price JPY 12,600

Spacemarket, Inc.https://www.spacemarket.com/

Company Profile
Ticker symbol 4487
Market TSE Mothers
Address Shinjuku-ku Tokyo
Established January,2014
Business Spacemarket, Inc. operates "Space Market," a marketplace that matches space renters and lessees.
Financial Highlights
（JPY in million）
  Dec-16 Dec-17 Dec-18
Revenue 224 392 578
Ordinary profit (159) (148) (271)
Net Income (160) (148) (274)

IPO information

Listing date December 20,2019
Offering price JPY 590
Opening price JPY 1,306

freee K.K.https://corp.freee.co.jp/

Company Profile
Ticker symbol 4478
Market TSE Mothers
Address Shinagawa-ku Tokyo
Established July,2012
Business freee K.K. provides "freee," a cloud-based accounting software.
Financial Highlights
（JPY in million）
  Jun-17(Unconsolidated) Jun-18(Unconsolidated) Jun-19(Consolidated)
Revenue 1,202 2,414 4,516
Ordinary profit (2,205) (3,399) (2,850)
Net Income (2,257) (3,405) (2,778)

IPO information

Listing date December 17,2019
Offering price JPY 2,000
Opening price JPY 2,500

Oneconnect Financial Technology Co., Ltd.https://www.ocft.com/

Company Profile
Ticker symbol OCFT
Market NYSE
Address 12 F, Block A, Poly West Bund Center, 1119 South Wanping Road, Xuhui District, Shanghai, China
Established December,2015
Business Oneconnect Financial Technology Co., Ltd. provides a financial technology service platform for small and medium-sized financial institutions.
Financial Highlights
（RMB in 000’s）
  Dec-17 Dec-18
Revenue 581,912 1,413,489
Operating income (890,303) (1,114,367)
Net Income (606,956) (1,190,285)

IPO information

Listing date December 13,2019
Offering price USD 10（per ADS）
Opening price USD 10（per ADS）

BASE, Inc.https://binc.jp/

Company Profile
Ticker symbol 4477
Market TSE Mothers
Address Minato-ku Tokyo
Established December,2012
Business BASE, Inc. operates the e-commerce platform "BASE" and development of the online payment service "PAY.JP" that enables easy introduction of credit card payment to web services and online stores.
Financial Highlights
（JPY in million）
  Dec-16(Unconsolidated) Dec-17(Unconsolidated) Dec-18(Consolidated)
Revenue 443 1,147 2,352
Ordinary profit (563) (1,261) (798)
Net Income (567) (1,268) (854)

IPO information

Listing date October 25,2019
Offering price JPY 1,300
Opening price JPY 1,210

AI CROSS Inc. https://aicross.co.jp/

Company Profile
Ticker symbol 4476
Market TSE Mothers
Address Minato-ku Tokyo
Established March,2015
Business AI CROSS Inc. developes and provides SMS messaging services, business chat services, and AI Analytics services.
Financial Highlights
（JPY in million）
  Dec-16 Dec-17 Dec-18
Revenue 392 574 1,120
Ordinary profit (26) 0.4 95
Net Income (26) 3 87

IPO information

Listing date October 8,2019
Offering price JPY 1,090
Opening price JPY 1,800

CyberBuzz, Inc.http://www.cyberbuzz.co.jp/

Company Profile
Ticker symbol 7069
Market TSE Mothers
Address Shibuya-ku, Tokyo
Established April,2006
Business CyberBuzz, Inc. is engaged in advertising and marketing through social media such as Instagram, twitter, Facebook, etc.
Financial Highlights
（JPY in million）
  Sep-16(Unconsolidated) Sep-17(Consolidated) Sep-18(Consolidated)
Revenue 1,832 1,865 2,446
Ordinary profit 140 147 234
Net Income 75 82 165

IPO information

Listing date September 19,2019
Offering price JPY 2,300
Opening price JPY 4,000

Satsuma Pharmaceuticals, Inc.https://www.satsumarx.com/

Company Profile
Ticker symbol STSA
Market Nasdaq
Address 400 Oyster Point Boulevard Suite 221 South San Francisco, CA 94080
Established June,2016
Business Satsuma Pharmaceuticals, Inc. develops therapeutic drugs for migraines based on the core technology of the original intranasal formulation technology.
Financial Highlights
（USD in 000’s）
  Dec-17 Dec-18
Revenue 0 0
Operating income (4,947) (7,515)
Net Income (5,172) (7,346)

IPO information

Listing date September 13,2019
Offering price USD 15
Opening price USD 19

Sansan, Inc.https://jp.sansan.com/

Company Profile
Ticker symbol 4443
Market TSE Mothers
Address Shibuya-ku, Tokyo
Established June,2007
Business Sansan, Inc. provides business card cloud management services.
Financial Highlights
（JPY in million）
  May-16(Unconsolidated) May-17(Consolidated) May-18(Consolidated)
Revenue 3,150 4,839 7,324
Ordinary profit (1,362) (780) (3,077)
Net Income (1,368) (790) (3,085)

IPO information

Listing date June 19,2019
Offering price JPY 4,500
Opening price JPY 4,760

VALTES CO.,LTD. https://www.valtes.co.jp/

Company Profile
Ticker symbol 4442
Market TSE Mothers
Address Osaka-shi Osaka
Established April,2004
Business VALTES CO.,LTD. provides comprehensive services related to software quality testing.
Financial Highlights
（JPY in million）
  Mar-16(Unconsolidated) Mar-17(Consolidated) Mar-18(Consolidated)
Revenue 1,879 2,293 2,457
Ordinary profit 117 102 33
Net Income 44 38 (2)

IPO information

Listing date May 30,2019
Offering price JPY 660
Opening price JPY 1,820

MINKABU THE INFONOID, Inc.https://minkabu.jp/

Company Profile
Ticker symbol 4436
Market TSE Mothers
Address Chiyoda-ku Tokyo
Established July,2006
Business MINKABU THE INFONOID, Inc. operates social media for individual investors such as "minna-no-kabu" (stocks for everyone), "minna-no FX" (FX for everyone) and "minna-no U.S. stock" (U.S. stock for everyone).
Financial Highlights
（JPY in million）
  Mar-16 Mar-17 Mar-18
Revenue 979 1,050 1,370
Ordinary profit 84 80 109
Net Income 67 (1,322) (127)

IPO information

Listing date March 19,2019
Offering price JPY 1,050
Opening price JPY 1,400

VELTRA Corporationhttps://www.veltra.com/

Company Profile
Ticker symbol 7048
Market TSE Mothers
Address Chuo-ku Tokyo
Established November,1991
Business VELTRA Corporation operates of an online reservation site specializing in optional tours that enables local experience for overseas and domestic destinations.
Financial Highlights
（JPY in million）
  Dec-15(Unconsolidated) Dec-16(Consolidated) Dec-17(Consolidated)
Revenue 1,583 2,312 2,825
Ordinary profit 400 (169) 35
Net Income 227 (714) 35

IPO information

Listing date December 25,2018
Offering price JPY 384
Opening price JPY 514

PORT INC.https://www.theport.jp/

Company Profile
Ticker symbol 7047
Market TSE Mothers,Q-BOARD
Address Shinjuku-ku Tokyo
Established April,2011
Business PORT INC. is engaged in Internet media business.
Financial Highlights
（JPY in million）
  Mar-16(Unconsolidated) Mar-17(Unconsolidated) Mar-18(Unconsolidated)
Revenue 600 942 1,931
Ordinary profit (328) (292) (136)
Net Income (383) (294) (137)

IPO information

Listing date December 21,2018
Offering price JPY 1,480
Opening price JPY 930

Bank of Innovation, Inc.http://boi.jp/

Company Profile
Ticker symbol 4393
Market TSE Mothers
Address Shinjuku-ku Tokyo
Established January,2006
Business Bank of Innovation, Inc. develops and operates smartphone game applications.
Financial Highlights
（JPY in million）
  Sep-15(Unconsolidated) Sep-16(Unconsolidated) Sep-17(Unconsolidated)
Revenue 2,023 2,229 4,001
Ordinary profit 44 (375) 159
Net Income 39 (364) 199

IPO information

Listing date July 24,2018
Offering price JPY 960
Opening price JPY 2,000

Writeup Co., Ltd. https://www.writeup.jp/

Company Profile
Ticker symbol 6580
Market TSE Mothers
Address Shibuya-ku, Tokyo
Established September,2003
Business Writeup Co., Ltd. provides consulting and training services, wholesale of IT tools, other commercial products and web content production, etc.
Financial Highlights
（JPY in million）
  Mar-15(Unconsolidated) Mar-16(Unconsolidated) Mar-17(Unconsolidated)
Revenue 939 990 1,368
Ordinary profit 96 106 289
Net Income 56 82 191

IPO information

Listing date June 22,2018
Offering price JPY 2,820
Opening price JPY 3,725

RPA Holdings Inc. http://rpa-holdings.com/

Company Profile
Ticker symbol 6572
Market TSE Mothers
Address Minato-ku Tokyo
Established April 2000
Business RPA Holdings Inc. provides the robot outsourcing business for sales of business agent software and ad network business for affiliate services, etc.
Financial Highlights
（JPY in million）
  Sep-15(Unconsolidated) Feb-16(Consolidated) Feb-17(Consolidated)
Revenue 657 807 2,644
Ordinary profit (22) 29 158
Net Income (29) 21 155

IPO information

Listing date March 27, 2018
Offering price JPY 3,570
Opening price JPY 14,280

SHARINGTECHNOLOGY. INChttp://www.sharing-tech.jp/

Company Profile
Ticker symbol 3989
Market TSE Mothers
Address Nagoya City, Aichi Prefecture
Established November 2006
Business SHARINGTECHNOLOGY. INC operates a "Vertical Media Site" related to the life service field and "Seikatsu (Life) 110", a comprehensive platform, and provision of consulting services related to attracting customers to websites.
Financial Highlights
（JPY in million）
  Sep-14 Sep-15 Sep-16
Revenue 587 806 1,141
Ordinary profit （151） 6 55
Net Income 12 26 21

IPO information

Listing date August 3, 2017
Offering price JPY 1,600
Opening price JPY 2,990

CROSSFOR CO.,LTD http://www.crossfor.com/

Company Profile
Ticker symbol 7810
Market TSE JASDAQ
Address Kofu City, Yamanashi Prefecture
Established August 1987
Business CROSSFOR CO.,LTD develops, manufactures, and sales of jewelries and accessories.
Financial Highlights
（JPY in million）
  Jul-14(Unconsolidated) Jul-15(Consolidated) Jul-16(Consolidated)
Revenue 2,539 3,426 4,094
Ordinary profit 319 1,044 930
Net Income 214 384 302

IPO information

Listing date July 20, 2017
Offering price JPY 730
Opening price JPY 1,051

RENOVA, Inc.http://www.renovainc.jp/

Company Profile
Ticker symbol 9519
Market TSE Mothers
Address Chiyoda-ku Tokyo
Established May 2000
Business RENOVA, Inc. develops operation and manages new renewable energy power plants.
Financial Highlights
（JPY in million）
  May-14(Unconsolidated) May-15(Consolidated) May-16(Consolidated)
Revenue 1,457 5,539 8,556
Ordinary profit 499 712 1,307
Net Income 311 433 305

IPO information

Listing date February 23, 2017
Offering price JPY 750
Opening price JPY 1,125

GRACE TECHNOLOGY, INC.https://www.g-race.com/

Company Profile
Ticker symbol 6541
Market TSE Mothers
Address Minato-ku Tokyo
Established August 2000
Business GRACE TECHNOLOGY, INC. provides the core system "e-manual" for creating, managing, and operating various manuals mainly for industrial machinery, operation of a cloud service, and planning, production and translation of manuals.
Financial Highlights
（JPY in million）
  Mar-14(Unconsolidated) Mar-15(Unconsolidated) Mar-16(Unconsolidated)
Revenue 579 620 726
Ordinary profit 66 100 131
Net Income 111 109 114

IPO information

Listing date December 21, 2016
Offering price JPY 3,100
Opening price JPY 7,130

RenetJapanGroup, Inc.http://corp.renet.jp/

Company Profile
Ticker symbol 3556
Market TSE Mothers
Address Obu City, Aichi Prefecture
Established July 2000
Business RenetJapanGroup, Inc. provides online reuse business using the website "NET OFF" and online recycling business using the website "ReNet".
Financial Highlights
（JPY in million）
  Sep-14(Consolidated) Sep-15(Consolidated) Sep-16(Consolidated)
Revenue 3,039 3,226 3,729
Ordinary profit 100 107 171
Net Income 96 95 149

IPO information

Listing date December 20, 2016
Offering price JPY 1,830
Opening price JPY 3,530

Sincere Co., LTD.http://www.sincere-vision.com/

Company Profile
Ticker symbol 7782
Market TSE Mothers
Address Chuo-ku Tokyo
Established September 2008
Business Sincere Co., LTD. manufactures and sales of contact lenses.
Financial Highlights
（JPY in million）
  Dec-13(Unconsolidated) Dec-13(Consolidated) Dec-15(Consolidated)
Revenue 2,618 3,731 4,244
Ordinary profit 671 366 318
Net Income 363 216 211

IPO information

Listing date December 16, 2016
Offering price JPY 2,100
Opening price JPY 1,950