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Japan-based sushi restaurant chain Sushi Ginza Onodera files for a $12 million US IPO

December 28, 2023
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Sushi Ginza Onodera, a Japan-based sushi restaurant chain with 13 locations in Japan, China, and the US, filed on Thursday with the SEC to raise up to $12 million in an initial public offering.

Sushi Ginza Onodera is a sushi restaurant chain headquartered in Tokyo, Japan. The company opened its first restaurant in Ginza, Tokyo in 2013. The company now operates thirteen sushi, tempura, teppanyaki, and makiyaki (firewood cuisine) restaurants in regions around the world. Nine of the company's thirteen restaurants are located in Tokyo, while three are in the United States, and one is located in China.

The Tokyo, Japan-based company was founded in 2013 and booked $23 million in sales for the 12 months ended September 30, 2023. It plans to list on the Nasdaq under the symbol ONDR. Sushi Ginza Onodera filed confidentially on October 13, 2023. ThinkEquity is the sole bookrunner on the deal. No pricing terms were disclosed.