Uuum, Japan’s leading YouTuber management agency, announced today that its IPO application to the Tokyo Stock Exchange (TSE) Mothers Market has been approved. The Tokyo-based company will be listed on the TSE Mothers Market on August 30, with plans to offer 302,000 shares for public subscription and to sell 77,500 shares in over-allotment options. Nomura Securities will lead the underwriting.
As of May 2017, Uuum posted revenue of 3.30 billion yen ($29.7 million) with an ordinary profit of 221.7 million yen ($2.0 million) and a net profit of 185.9 million yen ($1.7 million). Led by the company’s CEO, Kazuki Kamada (holding a 39.45% stake), other shareholders include Anri (16.97%) and Jafco (TSE:8595 15.43%).
The company is expected to release share price on August 10, with bookbuilding scheduled to start on August 14, and pricing on August 21
Uuum represents more than 3,500 YouTubers and 6 of the top 10 YouTubers in Japan, including Japan’s No.1 YouTuber HIKAKIN, and Yuka Kinoshita, one of the most popular female YouTubers in Japan. The management agency also recently partnered with Nintendo for a blanket agreement regarding the use of their game characters for live-streaming.