BloomZ, a Japanese audio production and voice actor management company, announced terms for its IPO on Wednesday.
The Tokyo, Japan-based company plans to raise $5 million by offering 1.3 million shares at $4. At the proposed price, BloomZ would command a market value of $49.7 million.
If the company has a market cap of less than $50 million at pricing, BloomZ will be excluded from Renaissance Capital's IPO stats.
Operating through its subsidiary BloomZ Japan, the company is currently engaged in three lines of business: audio production, through which it provides comprehensive audio production services for animations and video games; "VTuber" management, through which it manages a group of VTubers, or virtual animated characters; and voice actor workshops.
BloomZ was founded in 2017 and booked $1 million in revenue for the 12 months ended March 31, 2023. It plans to list on the Nasdaq under the symbol BLMZ. Network 1 Financial Securities is the sole bookrunner on the deal.
