Japanese unicorn Mercari targets $1b IPO, VCs set for exits
Mercari, a venture capital-backed Japanese consumer-to-consumer marketplace that became the country’s first unicorn in 2016, plans to raise up to JPY110 billion ($1 billion) through a domestic IPO.
The company said it would sell approximately 40.7 million shares for JPY2,200-2,700 apiece, according to a filing. The offering comprises 18.2 million new shares – plus an allowance for an overallotment...
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