SYLA Technologies Co., Ltd. has announced the pricing of its initial public offering (IPO) of American Depositary Shares (ADSs) at a price of US$8.00 per ADS. The real estate crowdfunding platform operator plans to issue 1,875,000 ADSs, with trading expected to begin on the Nasdaq Capital Market on March 31, 2023, under the symbol “SYT.”
With the offering, the gross proceeds before deducting underwriting discounts and commissions and other offering expenses are expected to be US$15 million. The company intends to use the net proceeds for working capital and general corporate purposes. These may include investments, acquisitions, or strategic collaborations to expand their customer base, as well as the development and marketing of new services.
SYLA Technologies Co., Ltd. is the operator of the largest membership real estate crowdfunding platform in Japan, Rimawari-kun. The platform connects real estate developers with investors who are seeking to invest in various projects. Through Rimawari-kun, investors have the opportunity to invest in real estate projects with as little as JPY 10,000 (approximately US$90).
The company has been growing rapidly, with a total transaction value of JPY 56.6 billion (approximately US$510 million) as of December 31, 2022. This represents a significant increase from the JPY 11.3 billion (approximately US$100 million) in total transaction value as of December 31, 2018.
SYLA Technologies Co., Ltd. aims to continue its growth trajectory with the net proceeds from the IPO. The company plans to expand its customer base and services by investing in new technologies, developing new products, and pursuing strategic collaborations and acquisitions.
The real estate crowdfunding industry has been growing in popularity in recent years, and SYLA Technologies Co., Ltd. has been at the forefront of this trend in Japan. With the IPO, the company is poised to accelerate its growth and expand its reach even further.
In conclusion, the pricing of SYLA Technologies Co., Ltd.’s IPO marks an important milestone for the company as it seeks to continue its growth trajectory in the real estate crowdfunding industry. The net proceeds from the offering will enable the company to invest in new technologies, expand its customer base and services, and pursue strategic collaborations and acquisitions. The company’s success in the industry thus far is a testament to the growing popularity of real estate crowdfunding, and SYLA Technologies Co., Ltd. is well-positioned to capitalize on this trend moving forward.
The real estate industry has traditionally been one of the most lucrative investment options globally. However, it has been challenging for small-scale investors to access high-quality real estate investments due to the high minimum investment amounts required to participate. Real estate crowdfunding platforms like Rimawari-kun have helped bridge this gap, enabling investors to participate in high-quality real estate investments with much lower minimum investment amounts.
One of the significant advantages of real estate crowdfunding is the ability to invest in a diversified portfolio of real estate assets. Investors can select from a variety of projects, including residential, commercial, and industrial properties. This diversification helps reduce the risk associated with investing in a single real estate asset.
Another advantage of real estate crowdfunding is the transparency it provides to investors. The crowdfunding platform provides investors with comprehensive information about the real estate asset, including the location, size, price, and expected returns. This information helps investors make informed investment decisions and evaluate the potential risks and rewards associated with the investment.
SYLA Technologies Co., Ltd. has been at the forefront of the real estate crowdfunding industry in Japan, providing investors with access to high-quality real estate investments with much lower minimum investment amounts. The company’s success in the industry can be attributed to its focus on providing investors with a transparent and diversified investment platform.
With the net proceeds from the IPO, SYLA Technologies Co., Ltd. plans to continue investing in new technologies and expanding its customer base to increase its market share in the real estate crowdfunding industry. The company is well-positioned to capitalize on the growing popularity of real estate crowdfunding globally, and its IPO marks an important milestone in its growth trajectory.
