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Lead Real Estate Priced, Nasdaq: LRE

Luxury residential property developer in Japan.

Industry: Real Estate

Latest Trade: $2.17 0.00 (0.0%)

First Day Return: -11.4%

Return from IPO: -69.0%

Industry: Real Estate

We are a growing developer of luxury residential properties, including single-family homes and condominiums, across Tokyo and Kanagawa prefecture. In addition, we operate hotels in Tokyo and lease apartment building units to individual customers in Japan and Dallas, Texas. We primarily generate revenue from developing and selling single-family homes and condominiums. Since our inception in 2001, we have delivered more than 1,000 single-family homes and 25 condominiums. The target customers of our single-family homes are wealthy family buyers who are looking for luxury single-family homes as their primary residence, while the target customers of our condominiums are institutional customers who look to purchase entire condominiums for investment purposes. We rely on real estate agencies to help identify land and development sites for acquisition and customers for our luxury residential properties and generally acquire land parcels from private landowners. We outsource the design work and construction for our luxury residential property projects to third-party design firms and construction companies, while coordinating and closely supervising the projects through our internal teams to maximize quality of the projects.
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IPO Data
IPO File Date 08/11/2022
Offer Price $7.00
Price Range $7.00 - $9.00
Offer Shares (mm) 1.1
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/26/2023
Offer Price $7.00
Price Range $7.00 - $9.00
Offer Shares (mm) 1.1
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
D. Boral Capital
Boustead Securities
Company Data
Headquarters Tokyo, Japan
Founded 2001
Employees at IPO 50
Website www.lead-real.co.jp/en

Lead Real Estate (LRE) Performance