Japanese marketplace app Mercari plans to raise $1.1b in Tokyo IPO

Shintaro Yamada, chief executive officer of Mercari Inc. Photographer: Tomohiro Ohsumi/Bloomberg

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.

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