Amatuhi Holdings, a Japanese operator of group homes for individuals with disabilities, raised the proposed deal size for its upcoming IPO on Friday.
The Kanagawa, Japan-based company now plans to raise $15 million by offering 3 million shares at a price range of $4 to $6. The company had previously filed to offer 1 million shares at the same range. At the midpoint of the revised deal size, Amatuhi Holdings will raise 200% more in proceeds than previously anticipated and command a market cap of $118 million (+9.3% versus previous term).
The company operates group homes in Japan for people with disabilities, providing communal living assistance, daily support services, and housing. Its operations are primarily funded through government programs.
The Kanagawa, Japan-based company was founded in 2021 and plans to list on the Nasdaq under the symbol AMTU. Spartan Capital Securities is the sole bookrunner on the deal.
