TOKYO -- Flea market app operator Mercari looks to list on the Tokyo Stock Exchange's Mothers market for startups in June in what could be a big initial public offering.
The marketplace for secondhand goods is one of only a few Japanese "unicorns" -- an unlisted startup worth $1 billion or more -- according to a Nikkei survey. When it goes public, Mercari's market capitalization could top 200 billion yen ($1.8 billion), putting the company among the largest issues on the Mothers market. Top player Mixi and No. 2 issue Cyberdyne had market caps of 388.8 billion yen and 261.7 billion yen as of Thursday.
