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Companies

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.

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