Sakana AI prepares an IPO in Japan or the US as soon as next autumn, Nikkei reports
Nikkei Asia says the listing would be the first by a Japanese AI developer and could top Mercari's valuation; Sakana AI has not commented.
Why it matters
Sakana AI, the Tokyo AI lab, would be the first Japanese AI developer to list, according to Nikkei Asia, which reports that the offering could come as soon as next autumn in Japan or the US. A valuation above Mercari's would make it one of Japan's largest startup listings. The report comes the same day Sakana disclosed beta testing of its first mobile app. Watch for a choice of exchange, advisers and any statement from the company.
Key facts
- IPO as soon as next autumn, per Nikkei Asia
- Listing venue: Japan or the US
- Would be the first IPO by a Japanese AI developer
- Valuation could top Mercari's
- Sakana AI has not commented