GCV Asia Congress 2018
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11 June 2018

Mercari markets $1.2bn IPO

United, Mitsui, Itochu and GMO-backed e-commerce platform Mercari has priced its initial public offering at the top of its range and will raise up to $1.19bn in Tokyo this month.

Author: Thierry Heles, Reporter

Mercari, a Japan-based online marketplace operator backed by corporates GMO, Itochu, Mitsui and United, has priced its shares at ¥3,000 ($27.30) and will raise up to $1.19bn, Reuters reported today.