Leifras, which offers sports classes for children in Japan, raised $5 million by offering 1.3 million ADSs at $4, the low end of the range of $4 to $5.
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 plans to list on the Nasdaq under the symbol LFS. Kingswood Capital Markets acted as sole bookrunner on the deal.
