Key facts
- Go Inc. shares commenced trading on the Tokyo Stock Exchange on Tuesday.
- This marks Japan's largest initial public offering of the year.
- The IPO raised ¥88.6 billion ($553 million) for Go Inc.
- Investor interest exceeded the offering size by more than 25 times.
- International investors received 70% of the shares.
- Go Inc. plans to accelerate its robotaxi business using the IPO funds.
Go Inc., a taxi-hailing app provider backed by Goldman Sachs, debuted its shares on the Tokyo Stock Exchange on Tuesday. The listing represents Japan's largest initial public offering of the year, raising ¥88.6 billion ($553 million) and valuing the company at ¥186 billion. Investor demand reportedly exceeded the offering size by over 25 times, with international investors securing the largest portion of shares. The company plans to accelerate its robotaxi business using the funds raised. The debut is seen as a test of investor sentiment in the Japanese market.