BUSINESS IPO JAPAN

Rarejob now listed on Tokyo Stock Exchange

Japan’s English educational platform Rarejob is now listed on TSE Mothers market. Congratulations!

By Elaine Huang

Credit: Yasuhiko Yurimoto's Facebook Page

Credit: Yasuhiko Yurimoto’s Facebook Page

Rarejob, a Japan-based educational platform for people learning English, has today been listed on the the Tokyo Stock Exchange Mothers market. It was first approved for its initial public offering (IPO) in May 2014, according to The Bridge.

The same article noted that the nearly six-year-old company is a school to 200,000 Japanese users, and has provided more than 10 million lessons, as of August 2013. It also secured about US$3.3 million from Japan’s KDDI Open Innovation Fund, YJ Capital and CyberAgent Ventures.

For the record, the stock listing started at an asking and bidding price of JPY 2,691 (US$26.50).