On September 27, the Tokyo Stock Exchange (TSE) announced that four Taiwanese startups—KKday, 21st FinTech, NextDrive, and Ubitus—are undergoing pre-IPO guidance, with a potential initial public offering (IPO) in Japan. These startups, supported by the "TSE Asian Entrepreneurship Center" initiative, are leveraging resources and guidance from the Tokyo Stock Exchange to expand collaborations with Japanese clients and drive business growth.
KKday: Specializes in e-commerce for travel experiences, promoting digital transformation in the tourism industry through the "rezio reservation management system." In 2022, it raised nearly $100 million in Series C funding to expand its global operations and recruit talent.
21st FinTech: Focuses on online and offline payments, e-payments, and installment services without a card. It is 43.63% owned by PChome. The company generated NT$981 million in revenue and NT$150 million in profit in the first two quarters of 2024.
NextDrive: Offers an energy IoT platform, with its core product, Cube, capable of real-time electricity usage monitoring. It has been validated by several major Japanese power companies and has raised a total of $38.4 million.
Ubitus: Specializes in cloud streaming services, with key clients including Nintendo, SEGA, and Sony, and has expanded into virtual shopping. It received over $1 billion in investment from NVIDIA this year.
The TSE launched the "TSE Asian Entrepreneurship Center" in March, selecting startups from several Asian countries, including Taiwan, to help them expand their markets and fundraising capabilities through an IPO in Japan. The program has attracted 52 institutional partners to provide tailored business and fundraising assistance to these companies.

Image Source: 25 Digital Times
Comentários