Leifras, which provides sports courses for Japanese children, filed an initial public offering (IPO) application with the US Securities and Exchange Commission on Tuesday, planning to raise up to 7 million dollars.
The Zhitong Finance App learned that Leifras (LFS.US), which provides sports courses for Japanese children, submitted an initial public offering (IPO) application to the US Securities and Exchange Commission on Tuesday and plans to raise up to 7 million US dollars.
The Tokyo-based company plans to raise $7 million by issuing 1.6 million American Depositary Receipts (ADS) at a price of 4 to 5 US dollars per share. Based on the midpoint of the proposed price range, the market value of Leifras will reach $0.119 billion.
Leifras's core business is a children's sports school, which refers to a range of courses and programs offered by the company to teach a sport rather than a specific physical location. The company currently offers sports courses at more than 4,500 locations across Japan, serving more than 65,000 members.
Leifras was founded in 2001 with 12-month revenue ending June 30, 2024 of $65 million. The company plans to list on NASDAQ under the ticker symbol LFS. Kingswood Capital Markets was the sole bookkeeper for the transaction.