Japan: Money Forward to list on TSE Mothers by end-Sept

The Tokyo Stock Exchange (TSE) in Japan.

Tokyo-based Money Forward, a SaaS (software as a service) accounting and personal finance management (PFM) startup, plans to execute a public listing on the Mothers Market of the Tokyo Stock Exchange (TSE).

It will conduct its initial public offer (IPO) on the TSE Mothers Market on 29 September with plans to offer 1,617,700 shares for public subscription and to sell up to 382,300 shares in over-allotment options, for a total of 931,000 shares. SMBC Nikko Securities will lead the underwriting. No price range has been established.

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