Renaissance Capital logo

Japanese real estate developer SYLA Technologies prices US IPO at $8

March 31, 2023

SYLA Technologies, a Japanese real estate developer expanding into fintech, solar, and crypto, raised $15 million by offering 1.9 million ADSs at $8, as expected.

SYLA Technologies operates an online real estate platform, constructs and sells solar power plants, manufactures and sells crypto mining machines, operates an asset management platform, and manages real estate. The company conducts its operations through its four subsidiaries: SYLA Co., SYLA Solar, SYLA Brain, and SYLA Biotech.

SYLA Technologies plans to list on the Nasdaq under the symbol SYT. Boustead Securities acted as sole bookrunner on the deal.