TIER IV, Inc., the Nagoya-founded developer of open-source autonomous-driving software, has set the issue price for its global share offering at ¥862.75 per share. The board approved the price on July 6, 2026, the final step in a process that began in June with a round of investor soundings across the United States, Europe and Asia.
| Feature | Detail |
|---|---|
| Issue price | ¥862.75 per share |
| Total offering (planned) | 17,449,600 shares |
| Overseas tranche (planned) | 8,620,700 shares |
| Overseas net proceeds (est.) | ¥8.32bn |
| R&D allocation | ¥8.7bn through September 2028 |
| Pricing date | July 13, 2026 |
The combined offering totals 17,449,600 shares across domestic and overseas tranches, with the overseas portion set at 8,620,700 shares. Sales into the United States are limited to qualified institutional buyers under SEC Rule 144A. The final split between the two tranches will be fixed on the pricing date, July 13, 2026.
Morgan Stanley & Co. International and SMBC Bank International are joint lead managers and bookrunners on the overseas tranche, which is expected to net TIER IV roughly ¥8.32bn after underwriting and other costs.
That sum is only part of the funding pool. Combined with an estimated ¥8.52bn from the parallel domestic offering and up to ¥3.14bn from a related third-party share allotment, TIER IV plans to put ¥8.7bn into research on autonomous-driving AI and semiconductors built specifically for self-driving systems. The spending is staged: ¥900mn in the year ending this September, then ¥3.9bn in each of the following two years, through September 2028.
The filing does not disclose a listing date. It is the fourth submission in a series of amendments to the original extraordinary report TIER IV filed on June 9, 2026, as terms of the offering were finalized.