iQPS IPO on Tokyo Growth Market
Fukuoka-based SAR satellite maker iQPS listed in Tokyo, the second Japanese space venture to do so after ispace, to fund more satellites for a planned 24-satellite constellation.
- Company
- iQPS
- Type
- IPO
- Status
- Completed
- Date
- 6 Dec 2023
- Value
- JPY 3.48bn
- US$ equivalent
- US$25m
- Value basis
- 8,918,600 new shares at ¥390 (top of the ¥380-390 range), about ¥3.48bn; plus a 1,337,700-share over-allotment
- Region
- Japan
- Segment
- Listed equity
Parties
- iQPS issuer
Key terms
- Offer price
- ¥390
- New shares
- 8,918,600
- Over-allotment
- 1,337,700 shares
- First day
- Opened at ¥860 after a five-hour delay, closed at ¥710
Sources
- Tokyo Stock Exchange: new listing outline, Institute for Q-shu Pioneers of Space jpx.co.jp · 31 Oct 2023
- Reuters (Japan Times): Japanese satellite imagery startup iQPS surges 82% in Tokyo debut japantimes.co.jp · 6 Dec 2023
Record ORB-INV-2023-0018. Investments are kept apart from the financings register and never counted in debt totals.
