这家总部位于日本东京的公司现在计划以每股5.50美元至6.50美元的价格发行250万股股票，筹资大约1,500万美元。该公司此前计划以每股6.4美元的价格发行100万股。按拟定价格的中间值计算，Metro Development将筹集比先前预期多达134%的收益。Japanese real estate consulting company Metro Development, which focuses on purchasing and reselling undeveloped real estate, submitted a new F-1 application on Tuesday, along with a withdrawal of its previous application. The company initially applied for an IPO on the US stock market in September 2023.
According to the WiseFinance app, Japanese real estate consulting company Metro Development, which specializes in buying and selling undeveloped real estate, submitted a new F-1 application on Tuesday and withdrew its previous application. The company initially applied for an IPO on the US stock market in September 2023.
Earlier this month, Metro Development submitted an effective amendment to modify the terms. In the submitted document, the company also disclosed plans to apply for listing on NYSE American and Nasdaq, as previously planned, and to cooperate with Loop Capital Markets on the IPO, replacing joint bookkeeping agencies Boustead Securities and EF Hutton, and disclosing the financial situation for the fiscal year ended November 30, 2023.
The Tokyo-based company now plans to issue 2.5 million shares of stock at a price of $5.50 to $6.50 per share, raising about $15 million. The company previously planned to issue 1 million shares at a price of $6.4 per share. Based on the midpoint of the proposed price, Metro Development will raise up to 134% more revenue than previously expected.
Metro Development, based in Tokyo, is a real estate consulting company that identifies and purchases land and buildings it deems undeveloped and resells these real estate assets to some real estate developers. The company does not develop, redevelop or participate in the construction of any real estate projects, nor does it engage in real estate brokerage or related services. As of November 30, 2023, Metro Development's inventory of real estate assets is valued at over $0.187 billion, including nearly 60 large physical real estate assets worth over $1 million.
Metro Development was established in 2013, and its revenue scale for the 12 months ended November 30, 2023 was approximately $0.478 billion. The company plans to be listed on Nasdaq with the stock trading code MTRS. Loop Capital Markets is the sole bookkeeper for this transaction.
