Synspective IPO on Tokyo Growth Market
Tokyo SAR satellite operator Synspective listed on the Growth Market, raising about ¥9.4bn for its StriX constellation after a ¥5.7bn pre-IPO Series C.
- Company
- Synspective
- Type
- IPO
- Status
- Completed
- Date
- 19 Dec 2024
- Value
- JPY 9.4bn
- US$ equivalent
- US$62m
- Value basis
- About ¥9.4bn raised from 21,304,200 new shares (19,041,200 domestic, 2,263,000 overseas); a further ¥1.42bn came from the over-allotment top-up on 17 Jan 2025
- Region
- Japan
- Segment
- Listed equity
Parties
- Synspective issuer
Key terms
- New shares
- 21,304,200 (domestic and overseas offerings)
- Over-allotment
- 3,195,600 shares; ¥1.42bn third-party allotment paid 17 Jan 2025
- Underwriters
- Nomura Securities (lead), Mizuho Securities, SBI Securities, MUFG Morgan Stanley, SMBC Nikko, Daiwa and others
- Use of proceeds
- Mainly satellite capital investment (¥9.1bn across FY2025-FY2027)
Sources
- Tokyo Stock Exchange: outline of initial listing issue, Synspective jpx.co.jp · 14 Nov 2024
- Synspective: business and financial results for FY2024 (TDnet) contents.xj-storage.jp · 14 Feb 2025
Record ORB-INV-2024-0019. Investments are kept apart from the financings register and never counted in debt totals.
