Medirom Healthcare Technologies, a Japanese operator of relaxation salons developing a digital health service, raised $12 million by offering 0.8 million ADSs at $15, within the range of $14 to $16. The company offered 0.1 million more ADSs than anticipated. It originally planned to offer 1.2 million ADSs before decreasing the offering earlier this month. At pricing, Medirom commands a fully diluted market value of $77 million.
Medirom Healthcare Technologies plans to list on the Nasdaq under the symbol MRM. Maxim Group LLC acted as a lead manager on the deal.
