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SYLA Technologies Priced, Nasdaq: SYT

Japanese real estate developer expanding into fintech, solar, and crypto.

Industry: Real Estate

Latest Trade: $2.16 +0.01 (+0.5%)

First Day Return: -9.4%

Return from IPO: -73.1%

Industry: Real Estate

We are engaged in three primary businesses: (1) We operate the asset management platform system “Rimawari-kun,” which targets individuals. We operate this platform to facilitate real estate crowdfunding as well as the purchase and sale of real estate, the sale of solar power plants which we construct, and the sale of computers (with crypto mining capabilities) (referred to herein as “computers” or “mining machines ”) that we manufacture; (2) We operate the asset management platform “Rimawari-kun Pro,” which targets corporate investors, institutional investors, and high-net-worth individuals. We exhibit properties on this platform developed independently by us as well as a wide range of properties from other companies in the same industry and help broker those properties to investors; and (3) We are involved in asset management, including the leasing, brokerage, and management of real estate, and operation and maintenance of solar power plant, and the maintenance and management of computers that we sell. More specifically, we are involved in the management of rental properties, building management, and operation and maintenance of solar power generation equipment, computer maintenance and management, and asset management for rental income and electricity sales generated by solar power plants owned by our Company.
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IPO Data
IPO File Date 11/16/2022
Offer Price $8.00
Price Range $8.00 - $8.00
Offer Shares (mm) 1.9
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/30/2023
Offer Price $8.00
Price Range $8.00 - $8.00
Offer Shares (mm) 1.9
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Boustead Securities
Company Data
Headquarters Tokyo, Japan
Founded 2009
Employees 108
Website syla-tech.jp

SYLA Technologies (SYT) Performance