IPO Update: SYLA Technologies Readies Plan For $15 Million IPO

Dec. 07, 2022 1:59 PM ETSYLA Technologies Co., Ltd. (SYT)

Summary

  • SYLA Technologies has filed proposed terms for a $15 million U.S. IPO.
  • The firm operates online platforms enabling investment in Japanese real estate properties.
  • I've grown leery of low-float, sub-$10.00 IPOs from Asia and elsewhere as these IPOs have typically performed poorly post-IPO.
  • I'm on Hold for the SYT IPO.
  • Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More »

empty stone panel ground with panoramic city skyline aerial view under bright sun and blue sky of nagoya, Japan

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A Quick Take On SYLA Technologies

SYLA Technologies (NASDAQ:SYT) has filed to raise $15 million in gross proceeds from the sale of ADSs representing its common stock in an IPO, according to an amended registration statement.

The company

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This article was written by

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