rYojbaba, a Japanese provider of osteopathic health care and labor consulting services, filed on Friday with the SEC to raise up to $6 million in an initial public offering.
The Fukuoka, Japan-based company plans to raise $6 million by offering 1.3 million shares at a price range of $4 to $5. At the midpoint of the proposed range, rYojbaba would command a market cap of $51 million.
The company offers ostepathic health care services, as well as labor consulting services. rYojbaba states that the focus of its health services is to treat work-related stress and resulting ailments. It directly operates 27 health clinics, and 2 osteopathy beauty salons. Through these facilities, rYojbaba offers judo therapy, acupuncture, moxibustion, and massages.
The Fukuoka, Japan-based company was founded in 2015 and plans to list under the symbol RYOJ, although it has not yet chosen an exchange. Boustead Securities is the sole bookrunner on the deal.
