Digital-Advertising Startup Kauli Planning Tokyo IPO Next Year
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Kauli Inc., a Japanese digital-advertising company, is planning an initial public offering on the Tokyo Stock Exchange to finance expansion in the U.S. and Southeast Asia.
The Tokyo-based company is seeking to go public by March next year, Chief Executive Officer Katsuhiro Takata said in a March 14 interview at his office. Kauli may seek a valuation of more than 30 billion yen ($295 million) in the offering, said a person with knowledge of the matter, who asked not to be named because the information is private.