InvestmentApr 27, 2026, 04:49 PM
MWC Files F-1/A for IPO of 2.15M ADSs at $7.00-$9.00
AI Summary
Micware Co., Ltd. filed an F-1/A registration statement for its initial public offering of 2,150,000 American Depositary Shares (ADSs), each representing one Ordinary Share, with an estimated price range of $7.00 to $9.00 per ADS. The company has applied to list the ADSs on Nasdaq under the symbol "MWC". For the six months ended August 31, 2025, Micware reported total revenue of JPY10,261.1 million (US$69.9 million) and net income of JPY702.9 million (US$4.8 million).
Key Highlights
- Offering 2,150,000 ADSs, each representing one Ordinary Share.
- Expected IPO price range of $7.00 to $9.00 per ADS.
- Applied to list ADSs on Nasdaq Global Market under "MWC".
- Granted underwriters an option to purchase up to an additional 15% (322,500) ADSs.
- Estimated net proceeds of approximately $13.4 million from the offering.
- Total revenue for 6 months ended Aug 31, 2025, was JPY10,261.1M (US$69.9M).
- Net income for 6 months ended Aug 31, 2025, was JPY702.9M (US$4.8M).
- Completed 130-for-1 share split on March 1, 2024, and 241-for-1 share split on March 31, 2026.