ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Japanese unicorn Mercari eyes overseas push after June 19 IPO

Listing to value the flea market app as high as $3.2bn

Mercari founder and Chairman Shintaro Yamada says the flea market app had its sights set overseas from the beginning.

TOKYO -- Mercari's application to list on the Tokyo Stock Exchange was approved Monday, giving the flea market app provider a channel to fund its pursuit of new avenues of growth.

The company plans to raise about 50 billion yen ($456 million) from its June 19 initial public offering on the Mothers market, which would make it the largest debut on a startup-focused board since Jupiter Telecommunications brought in about 87 billion yen from its Jasdaq listing in March 2005.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more