A space tech startup based in Japan called Astroscale Holdings is seeking to raise $153 million at its Tokyo initial public offering (IPO).
Astroscale said in a statement that project development and research and development (R&D) are the main uses for the IPO proceeds.
The statement states that the company was valued at ¥98.7 billion ($632 million) after a global offering of 28.05 million shares of common stock, including the shares from the over-allotment option, was made at an initial IPO price of ¥850.
After ispace Inc.’s global IPO in 2023, Astroscale is the first space debris removal company to conduct an IPO and the second in the space industry globally in Japan.
