LogProstyle, a real estate developer and property manager in Japan, raised $10 million by offering 2 million shares at $5, within the range of $4 to $6. The company offered 0.5 million fewer shares than anticipated.
Through its subsidiaries, LogProstyle owns and operates a real estate renovation and resale company, a real estate development company, a hotel management company, and a restaurant management company. One of the key features of its business model is niche targeting, such as targeting affluent individuals and international customers in its renovation business, and families and international tourists in its hotel management business.
LogProstyle plans to list on the NYSE American under the symbol LGPS. Spartan Capital Securities acted as sole bookrunner on the deal.
