Akippa, which runs a marketplace for renting out private parking spaces, filed a securities registration statement with the Kinki Local Finance Bureau on August 18, 2026, setting out terms for an initial public offering on the Tokyo Stock Exchange Standard Market. The company is targeting a listing date of September 18, 2026, with SBI Securities as lead underwriter.
The structure tells its own story about who benefits. Akippa itself is issuing only 378,000 new shares. Existing shareholders are selling 1,833,100 shares in the same offering, roughly 4.8 times as many, plus an over-allotment of up to 331,600 shares that SBI Securities may sell using stock borrowed from two of the sellers. At the filing's assumed issue price of ¥540 a share, that secondary tranche is worth just under ¥990mn against roughly ¥204mn of gross new-share proceeds, before underwriting and other offering costs.
| Item | Detail |
|---|---|
| New shares offered | 378,000 shares (book-building) |
| Secondary shares offered | 1,833,100 shares |
| Over-allotment (max) | 331,600 shares, sold by SBI Securities |
| Assumed issue price | ¥540 per share |
| Estimated net proceeds (new shares) | ¥169,280,400 |
| Target listing date | September 18, 2026 |
| Market | Tokyo Stock Exchange Standard Market |
| Lead underwriter | SBI Securities |
The sellers are named in the filing. Sompo Holdings is offering 1,124,600 shares and DeNA 560,500 shares; both also agreed to lend shares for the over-allotment. Three venture investors, Globis Fund 5 investment partnership, Globis Fund V L.P., and JR East Startup, are selling smaller stakes. Sompo Holdings and chief executive Genki Kanaya face the longest lock-up, barred from further sales until September 12, 2027, while the venture funds and other named holders, including DeNA, are locked up only until March 16, 2027, or sooner if the share price clears 1.5 times the offering price.
| Shareholder | Shares offered |
|---|---|
| Sompo Holdings | 1,124,600 |
| DeNA | 560,500 |
| Globis Fund 5 investment partnership | 69,400 |
| JR East Startup | 49,000 |
| Globis Fund V, L.P. | 29,600 |
Akippa separately plans to direct up to 368,000 shares of the secondary sale to Nippon Parking Development, a shareholder with which it holds a business-tie-up agreement, describing the allocation as a way to maintain and grow that relationship rather than as a straight financial sale.
The roughly ¥169.28mn of net proceeds Akippa expects from new shares is earmarked entirely for product development: engineer and product-manager personnel costs and outside contractor fees, split as ¥40mn for the year to December 2026, ¥70mn for the year to December 2027, and ¥59.28mn for the year to December 2028. Until spent, the company says it will park the cash in low-risk financial instruments.
The filing also shows a company that has grown steadily on a non-consolidated basis, with net sales rising from ¥1.48bn in 2021 to ¥2.08bn in 2022 and ¥2.62bn in 2023. None of the pricing is final: the indicative range is due September 1, 2026, and the issue price, underwriting price and allocation numbers are all subject to change at a board meeting that day and final pricing on September 10, 2026.