Center Mobile, a mobile virtual network operator in Japan, filed on Wednesday with the SEC to raise up to $13 million in an initial public offering.
The Osaka, Japan-based company plans to raise $13 million by offering 2.5 million ADSs at a price range of $4 to $6. At the midpoint of the proposed range, Center Mobile would command a market value of $136 million.
Center Mobile is a mobile virtual network operator (MVNO) in Japan, providing mobile connectivity and wireless communications services using the infrastructure and communication system of NTT Docomo. The company offers a full range of 4G LTE voice, texting, and data services covering all areas throughout Japan.
Center Mobile was founded in 2020 and booked $10 million in revenue for the 12 months ended May 31, 2024. It plans to list on the Nasdaq under the symbol CTMB. The company filed confidentially on October 21, 2024. R.F. Lafferty & Co. is the sole bookrunner on the deal.