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GMO Internet ( (JP:9449) ) has provided an announcement.
GMO Internet Group announced that its consolidated subsidiary GMO Coin, Inc., a cryptoasset exchange and financial instruments business launched in 2016, has begun preparations for a stock listing on the Tokyo Stock Exchange. GMO Coin has grown into a leading domestic cryptoasset trading platform by emphasizing robust security, expanding its lineup of tradable cryptoassets, strengthening API services, and entering the IEO market, and the planned listing is intended to bolster its fundraising capacity, brand recognition, social credibility, and ability to attract talent amid rapid changes in Japan’s digital asset regulatory and competitive landscape. The company views GMO Coin’s listing as a key element of its broader “Swing-by IPO” strategy of nurturing and listing group companies to enhance group-wide competitiveness and corporate value, while confirming that GMO Coin will remain a consolidated subsidiary and that timing and listing details remain undecided pending regulatory review.
The most recent analyst rating on (JP:9449) stock is a Hold with a Yen4339.00 price target. To see the full list of analyst forecasts on GMO Internet stock, see the JP:9449 Stock Forecast page.
More about GMO Internet
GMO Internet Group, Inc. is a Japan-based internet conglomerate whose businesses span online infrastructure, fintech and financial services, including securities and cryptoasset trading, as well as internet advertising and media. Through subsidiaries such as GMO Financial Holdings and GMO Coin, it focuses on digital finance and trading platforms tailored to Japan’s regulated markets, leveraging the unified GMO brand and a strategy of nurturing group companies toward independent stock listings to build scale and synergies across the group.
Average Trading Volume: 251,240
Technical Sentiment Signal: Buy
Current Market Cap: Yen396.2B
For detailed information about 9449 stock, go to TipRanks’ Stock Analysis page.