[Event Report] Uridoki CEO Yasuo Kogure on the Behind-the-Scenes of the Shortest IPO via a 'Pivot Listing' From TSE to NSEA · FULL TRANSLATION
- IR Robotics hosts a sharing event at its Next IPO Club
- Uridoki CEO Yasuo Kogure is the speaker
- Discusses the 'pivot listing' from the Tokyo to the Nagoya exchange
- Focuses on the behind-the-scenes of the shortest IPO path
Uridoki's CEO sharing a pivot listing from the Tokyo to the Nagoya exchange points to an overlooked capital-market reality: an IPO has more than one path.
A pivot listing means a company flexibly chooses the exchange most advantageous to it rather than fixating on the largest, the TSE. The Nagoya Stock Exchange (NSE) has relatively friendly barriers and costs, more pragmatic for growth companies at certain stages. Behind this is a maturing of listing mindset: the purpose of going public is funding and brand, not listing for its own sake, and choosing the right market matters more than squeezing into the biggest one. IR Robotics spreading such practical knowledge via a membership community is itself part of capital-market services professionalizing.
For Taiwan's many SMEs lingering at the listing door, this you-don't-have-to-take-the-main-board flexibility may be an overlooked alternative path.
IR Robotics Inc. (headquarters: Chiyoda, Tokyo; representative director: Seongju Kim) has announced that in its membership community 'Next IPO Club', aimed at companies seriously pursuing an IPO, it invited Uridoki Inc. representative director Yasuo Kogure to share on March 19 the behind-the-scenes of the shortest IPO, achieved through a 'pivot listing' from the Tokyo to the Nagoya exchange.
A pivot listing means a company flexibly chooses the exchange most advantageous to it rather than fixating on the largest, the TSE. The Nagoya Stock Exchange has relatively friendly barriers and costs, more pragmatic for growth companies at certain stages.
Behind this is a maturing of listing mindset: the purpose of going public is funding and brand, not listing for its own sake, and choosing the right market matters more than squeezing into the biggest one.