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Metros Development Scheduled, Nasdaq: MTRS

Purchases and resells underdeveloped properties in Japan.

Industry: Real Estate

Latest Trade: ()

First Day Return:

Return from IPO:

Industry: Real Estate

We are a real estate consulting company that identifies and purchases what we believe to be underdeveloped real estate properties (land and/or buildings) and re-sell such properties to real estate developers so that they can redevelop those properties. We do not develop, redevelop or participate in the building or construction of any real properties. We also do not engage in realtor-services nor do we provide services such as title services. Our mission is to maximize the values of the land and building of real estate owners by first identifying their real estate holdings as underdeveloped and proposing the most effective use of the identified real estate. For example, if a real estate property is located in an upscale residential area, but the property, whether it be a building or land, is being used for low-value single-family homes, low-rise buildings or is at the moment just a plot of land, we do not believe that this is the most effective use of the land and we bring that to the attention of the property owner. Once we identify an underdeveloped property, we negotiate diligently with the landowner to purchase that property. We often purchase separate small parcels of land and sell them to a developer as a single large lot. Selling the land as a single large lot often increases the value of the property and allows us to sell it at a higher price to developers that will develop the property for high-end condominiums or commercial buildings.
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IPO Data
IPO File Date 09/26/2023
Offer Price
Price Range $6.40 - $6.40
Offer Shares (mm) 1.0
Deal Size ($mm) $6
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $6.40 - $6.40
Offer Shares (mm) 1.0
Deal Size ($mm) $6
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Boustead Securities
EF Hutton
Company Data
Headquarters Tokyo, Japan
Founded 2013
Employees 170
Website metros61.com

Metros Development (MTRS) Performance