Leifras, which offers sports classes for children in Japan, filed on Tuesday with the SEC to raise up to $7 million in an initial public offering.
The Tokyo, Japan-based company plans to raise $7 million by offering 1.6 million ADSs at a price range of $4 to $5. At the midpoint of the proposed range, Leifras would command a market value of $119 million.
Leifras' core business is its children's sports schools, which refers to a series of courses and programs that the company offers to teach a sport, instead of a physical location. The company currently holds its sports classes at more than 4,500 facility locations in Japan nationwide, serving over 65,000 members.
Leifras was founded in 2001 and booked $65 million in revenue for the 12 months ended June 30, 2024. It plans to list on the Nasdaq under the symbol LFS. Kingswood Capital Markets is the sole bookrunner on the deal.
