Post Mercari's successful IPO, Japanese asset managers see new era in VC investing

Post Mercari's successful IPO, Japanese asset managers see new era in VC investing

Mercari app. Photographer: Tomohiro Ohsumi/Bloomberg

The hugely successful IPO by online marketplace Mercari in June was a bonanza for its shareholders – and may transform lukewarm attitudes among mainstream asset managers about investing in startups, according to major Japanese institutional investors and industry officials.

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