SYLA Technologies IPO: Full Details

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SYLA Technologies Co. Ltd., a leading trailblazer in renewable energy, is set to make its much-anticipated debut on the public markets through its upcoming initial public offering (IPO).

Specializing in real estate technology, SYLA Technologies Co. Ltd. offers asset management platform systems that streamline real estate crowdfunding and related services. Now, the company is embarking on the next phase of its expansion with an IPO.

In this blog post, we’ll delve into the intricacies of the SYLA Technologies IPO, providing comprehensive information on the company, the offering itself, and guidelines on participation. From financial insights to the esteemed management team, we’ve got it covered. This ensures you have all the facts needed to make an informed investment decision, positioning you at the forefront of SYLA Technologies’ innovative future.

Stay tuned as we unpack the details, empowering you to navigate the exciting opportunities presented by SYLA Technologies in the ever-evolving landscape of renewable energy and real estate technology.

SYLA Technologies Overview

SYLA Technologies Co., Ltd., a proptech firm based in Japan, is on a mission to “democratize real estate investment globally and enhance the 100-year era through technology and asset management.”

Established in 2009, the company, boasting a team of 108 professionals, has crafted a suite of services and products aimed at empowering individuals in managing their assets and investments effectively.

At the forefront of SYLA’s offerings is Rimawari-Kun, Japan’s premier real estate crowdfunding platform, and SYFORME, a distinguished condominium brand. Beyond that, SYLA extends its portfolio to encompass solar energy development and EPC services, electric power retail services, operation and maintenance services, as well as cutting-edge data analysis artificial intelligence systems.

Commitment to sustainability is evident in SYLA’s operation of a 100% renewable energy data center business, contributing to the creation of a society that prioritizes Earth and envisions a brighter future for all.

In a strategic move, SYLA Technologies has initiated the process of filing for an initial public offering (IPO) on Wednesday, with plans to list American depositary shares on the Nasdaq Capital Market on the New York Stock Exchange (NYSE) under the symbol SYT. Stay tuned for updates on this exciting development, marking a significant milestone in SYLA’s journey towards global real estate innovation and sustainable technology solutions.

SYLA Technologies financial information

Assessing the performance and potential of a company requires a thorough examination of its financials. SYLA Technologies exhibits robust and consistent cash flow, with revenue witnessing steady growth over the last five years.

Impressively, the company maintains a net margin of 11%, reflecting efficient cost management and profit generation. Additionally, SYLA Technologies boasts a healthy balance sheet, surpassing liabilities with total assets, indicating its capability to meet financial obligations and yield positive outcomes.

For the 12 months ending June 30, 2022, SYLA Technologies reported revenue of $140.28 million and net income of $3.11 million. In the 6 months ending June 30, 2022, the company recorded revenue of $65.37 million and net income of $1.10 million.

On December 6, 2022, SYLA Technologies Co. Ltd. filed an F-1/A, revealing details about its IPO – 1.88 million (1,875,000) American Depositary Shares (ADS) at an assumed IPO price of $8.00. The exchange for listing was yet to be determined.

Earnings per share (EPS) stood at $1.85, with a gross margin of 18.90% and an operating margin of 4.09%. SYLA reported a profit margin of 1.67%, and despite a free cash flow margin of -10.82%, its overall financial outlook remains robust. Notably, the effective tax rate was 44.38%, and the EBITDA margin reached 3.93%.

During the period in review, SYLA Technologies derived its primary income from real estate, including land sales, rental services, and real estate management services. The company also generated revenue from computer sales, computer operation and management services, solar power plant sales, operation and maintenance services, as well as electricity sales. Stay informed as we continue to track SYLA Technologies’ financial journey, providing insights into its thriving market presence.

SYLA Technologies IPO Details

On December 6, 2022, the company made a significant move by filing an F-1/A, revealing crucial details about its upcoming Initial Public Offering (IPO). The IPO is set to offer 1.88 million (1,875,000) American Depositary Shares (ADS) at a proposed price of $8.00 per ADS, aiming to generate gross proceeds of approximately $15.0 million. The offering will be exclusive to the U.S., and the anticipated IPO date is January 26, 2023.

With the IPO priced at $8 per ADS, the estimated deal size is around $15 million, and the company is slated to be listed on the NasdaqCM under the symbol “SYT.”

In the event of a successful IPO at the midpoint of the proposed price range, the company’s enterprise value (excluding warrants) is expected to reach around $292 million, with a float to outstanding shares ratio (excluding warrants) of approximately 7.26%.

As per the company’s latest regulatory filing, the funds raised from this IPO are earmarked for working capital and general corporate purposes. Stay tuned for updates on this significant financial milestone, positioning the company for growth and innovation in its future endeavors.

Here are some other details about the IPO:

Company NameSYLA Technologies
Proposed symbolSYT
Listing price$8.00 – $8.00
StateArchived
Quantity of employees102
Shares offered1,875,000
ExchangeNasdaq Capital
Offer an amount$15 million
Commercial addressEbisu Prime Square Tower 7F, 1-1-39 Hiroo, Shibuya-ku, Tokyo, Japan
Websitehttps://syla-tech.jp/
Business phone+81 3-4560-0650
Country of Inc.Japan
CEOHiroyuki Sugimoto
Fiscal year close12/31
Outstanding shares258.24M
Lockout period (days)180
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