Dual listing: Japanese startup readies for country’s biggest IPO
Tokyo-based startup Sakana AI K.K. has begun preparations for an initial public offering in autumn 2027, JIJI PRESS reports.
The generative artificial intelligence developer is considering a possibility of going public on Japanese and U.S. stock exchanges, informed sources said.
This will likely be one of the largest IPOs for a startup in Japan.
Sakana AI developed into a so-called unicorn company, or a privately held firm valued at more than 1 billion dollars, only a year after it was founded in 2023 by a researcher from U.S. technology giant Google and others.
The company's AI technology is among candidates for a domestic AI model that the Japanese government plans to introduce into the Self-Defense Forces' systems.
Earlier, it was reported that Samsung and SK Hynix shares had jumped as Anthropic moved toward IPO.
