Sansan files to go public in Tokyo

Sansan, a Tokyo-based business card management solutions provider, has filed for an initial public offering (IPO) at the Tokyo Stock Exchange, with listing scheduled for June 19.

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Photo credit: Sansan

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Touted as the LinkedIn of Japan, the company’s platform provides its clients with scanning and contact management solutions that focus on the digitization of business cards. The company then makes all the data accessible through its website and mobile app.

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In a recent interview, Sansan’s co-founder and CEO Chika Terada said that they tell investors an IPO is always an option, but not the focus.

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The company is more concerned with achieving growth and increasing its valuation, Terada added.

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The Japanese company has also been focused on expanding its business globally.

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Sansan raised funding in 2016 to help with its US and Singapore push. The company then acquired more capital in 2017 for its expansion to India. Late last year, Sansan also received roughly US$26.4 million to take its solution to Southeast Asian markets.