Linkage Global, a Japanese online retailer and provider of cross-border e-commerce services, filed on Friday with the SEC to raise up to $8 million in an initial public offering.
The Tokyo, Japan-based company plans to raise $8 million by offering 1.5 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Linkage Global would command a market value of $108 million.
Operating through entities in Japan, Hong Kong, and mainland China, Linkage has developed a comprehensive service system comprised of two complementary lines of business, cross-border sales and integrated e-commerce services. Its cross-border sales operations involve sourcing products from Japanese and Chinese manufacturers and brands, together with its private label smart products, which are then recommended to customers via the operating entities. Its integrated e-commerce services include digital marketing, e-commerce operation training, and software support services.
Linkage Global was founded in 2011 and booked $23 million in revenue for the 12 months ended March 31, 2023. It plans to list on the Nasdaq under the symbol LGCB. The company filed confidentially on May 9, 2023. EF Hutton is the sole bookrunner on the deal.
