SYLA Technologies IPO: Complete Details

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SYLA Technologies Co. Ltd., a leading innovator in the field of renewable energy, is set to debut on the public markets with its highly-anticipated initial public offering (IPO).

SYLA Technologies Co Ltd is a property technology company that provides asset management platform systems that facilitate real estate crowd-funding and other services. And now, the company is taking the next step in its growth journey with an initial public offering (IPO).

In this blog, we’ll dive deeply into the SYLA Technologies IPO details, providing you with all the information you need about the company, the offering, and how to participate. From the financials to the management team, we’ll cover it all, so you can make an informed decision about investing in SYLA Technologies’ innovative future.

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SYLA Technologies Overview

SYLA Technologies Co., Ltd. is a prop-tech company based in Japan with a mission to “Democratize real estate investment around the world and enrich the 100-year life era with technology and asset management”.

Founded in 2009, the company has 108 employees and has developed a range of services and products to help people manage their assets and investments. 

The company’s main products include Rimawari-Kun, Japan’s largest real estate crowdfunding platform, and SYFORME, a condominium brand. In addition, SYLA also provides solar power development and EPC services, electric power retail services, operation and maintenance services, and data analysis AI systems.

The company also operates a 100% renewable energy data center business to create a society that faces the Earth and makes the future brighter for everyone.

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Syla Technologies filed for an IPO on Wednesday, intending to list American depositary shares on the Nasdaq Capital Market on the NYSE American exchange under the symbol SYT.

SYLA Technologies Financials

To assess its performance and potential, a company’s financials are important. SYLA Technologies’ financials show a strong and consistent cash flow, with revenue growing steadily over the past five years.

The company’s profit margins are also impressive, with a net margin of 11%. This indicates that SYLA Technologies efficiently manages its costs and generates profits. Additionally, its balance sheet is healthy, with total assets exceeding liabilities. This indicates that the company can pay its debts and produce positive results.

Their financials show that for the 12 months ending June 30, 2022, the company reported revenues of $140.28 million and a net income of $3.11 million. For the 6 months ending June 30, 2022, the company reported revenues of $65.37 million and a net income of $1.10 million.

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SYLA Technologies Co. Ltd. filed an F-1/A on Dec. 6, 2022, disclosing terms for its IPO – 1.88 million (1,875,000) American Depositary Shares (ADS) at an assumed IPO price of $8.00 – but the exchange choice was still to be determined.

The company reported earnings per share (EPS) of $1.85. The gross margin for the period was 18.90%, and the operating margin was 4.09%. SYLA reported a profit margin of 1.67% and a free cash flow margin of -10.82%. The effective tax rate was 44.38%, and the EBITDA margin was 3.93%.

SYLA Technologies’ primary source of revenue for the period was from real estate, land sales, rental services, and real estate management services. The firm also generated revenues from sales of computers, computer operation and management services, sales of solar power plants, operation and maintenance services, and electricity sales.

SYLA Technologies IPO Details

SYLA Technologies on Yahoo Finance
SYLA Technologies on Yahoo Finance

The company filed an F-1/A on Dec. 6, 2022, disclosing terms for its IPO – 1.88 million (1,875,000) American Depositary Shares (ADS) to be offered at a proposed price of $8.00 per ADS for gross proceeds of approx $15.0 million. The ADS will be offered and sold only in the U.S. The estimated IPO date is January 26, 2023.

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The company has set the IPO price of $8.00 per ADS, and the deal size is estimated to be around $15 million. The company will be listed on the NasdaqCM under the ” SYT ” ticker.

Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (excluding underwriter options) would approximate $292 million. The float to outstanding shares ratio (excluding underwriter options) will be approximately 7.26%.

Per the firm’s most recent regulatory filing, it plans to use the funds from this IPO for working capital and general corporate purposes.

Here are some other details about the IPO:

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Company NameSYLA Technologies
Proposed SymbolSYT
Listing Price$8.00 – $8.00
StatusFiled
No. of Employees102
Shares Offered1,875,000
ExchangeNASDAQ Capital
Offer Amount$15 Million
Commercial AddressEbisu Prime Square Tower 7F, 1-1-39 Hiroo, Shibuya-ku, Tokyo, Japan
Websitehttps://syla-tech.jp/
Commercial Phone+81 3-4560-0650
Country of IncJapan
CEOHiroyuki Sugimoto
Fiscal Year End12/31
Shares Outstanding258.24M
Lockup Period (days)180

FAQs

How to Buy SYLA Technologies IPO?

To buy SYLA Technologies’ IPO, you must have a brokerage account and place an order with your broker.
The IPO is expected to be on Nasdaq on January 26, 2023. You can purchase SYLA Technologies Co. Ltd.’s IPO by contacting a broker or financial advisor.

The IPO is expected to be offered and sold only in the U.S. and will be listed on the Nasdaq Capital Market or the NYSE American exchange.

Is SYLA Technologies a Good IPO to invest in?

While SYLA Technologies Co. Ltd. looks promising, you must decide whether investing in their IPO is a good choice for your portfolio. To help you make the best decision, consider factors like the company’s financials, track record, and growth potential. Additionally, it’s important to research the market and understand the risks associated with investing in IPO stocks.

Final Words

Investors should keep a close eye on SYLA Technologies as the company is expected to make a strong debut on the stock market. With a solid business model and a strong management team, SYLA Technologies is a company worth considering for potential investors.

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