Japan Carbon Capture Startup’s IPO in 2027 ‘Not Off the Table’

TBM Co., a Japanese maker of carbon capture technology and recycled materials, has started preparatory work for an initial public offering on the Tokyo Stock Exchange’s Growth Market to list in the “not-so-distant future,” a company executive said.

An offering as early as 2027 is “not off the table,” Chief Financial Officer Seigo Nakashima told Bloomberg News in an interview this month. The company has already selected a lead underwriter and auditor and is currently gauging investor interest, he said, adding that any IPO would definitely not be next year.