In the last year, Lead Real Estate Co., Ltd. generated $119.9 million in revenue and $3.6 million in net income.
Network 1 Financial Securities served as the underwriter for the IPO.
Lead Real Estate Co., Ltd. provided the following description of their company for its IPO: “(Note: This is an IPO of American Depositary Shares to be listed on the NASDAQ. Each ADS represents one ordinary share.) We seek to leverage our nationally recognized award-winning luxury homes and our strong market position in the luxury residential property market in Tokyo and Kanagawa prefecture to create a global transaction platform allowing access to prime Japanese condominiums as well as overseas condominiums, including in the U.S. and Hong Kong. (Incorporated in Japan) We are a growing developer of luxury residential properties, including single-family homes and condominiums, across Tokyo and Kanagawa prefecture. In addition, we operate hotels in Tokyo and lease apartment building units to individual customers in Japan and Dallas, Texas. We primarily generate revenue from developing and selling single-family homes and condominiums. Since our inception in 2001, we have delivered more than 1,000 single-family homes and 25 condominiums. The target customers of our single-family homes are wealthy family buyers who are looking for luxury single-family homes as their primary residence, while the target customers of our condominiums are institutional customers who look to purchase entire condominiums for investment purposes. In addition, we launched our interactive media platform, Glocaly, in October 2021, as a listing and marketing platform seeking to facilitate matching of sellers and buyers of condominiums. (Note: Lead Real Estate Co. Ltd. cut the price range of its IPO in an F-1/A filing dated Jan. 4, 2023, to $7.00 to $9.00 – down from $12.00 to $15.00 – and kept the number of American Depositary Shares (ADS) at 2.0 million to raise $16.0 million – down from $27.0 million previously. Lead Real Estate Co., Ltd.’s IPO was previously on hold after the NASDAQ put approval of small-cap IPO listings on hold during the week of Sept. 19, 2022. Lead Real Estate Co., Ltd. had previously expected to price its IPO (American Depositary Shares) on Sept. 26, 2022, with a NASDAQ trade date of Sept. 30, 2022. Lead Real Estate Co., Ltd. filed its F-1 (prospectus) with terms included on Aug. 11, 2022. The company is known in Japan as Kabushiki Kaisha Lead Real Estate. The company filed confidential IPO documents with the SEC on April 7, 2022.) “.
Lead Real Estate Co., Ltd. was founded in 2001 and has 46 employees. The company is located at 6F, MFPR Shibuya Nanpeidai Building 16-11 Nampeidai-cho, Shibuya-ku Tokyo, 150-0036, Japan and can be reached via phone at +81 03-5784-5127 or on the web at http://www.lead-real.co.jp/en/.
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