September 29, 2023
On September 29, 2023, Lead Real Estate Co., Ltd (the “Company”), a Japanese real estate developer of luxury residential properties, including single-family homes and condominiums, across Tokyo and Kanagawa prefecture, successfully closed its initial public offering (the “IPO”) of 1,143,000 American Depositary Shares (“ADSs”) at a public offering price of US$7.00 per ADS. Each ADS represents one ordinary share of the Company. The Company received aggregate gross proceeds of US$8,001,000 from the IPO, before deducting underwriting discounts and other related expenses.
The ADSs commenced trading on the Nasdaq Global Market on September 27, 2023 under the ticker symbol “LRE.”
Hunter Taubman Fischer & Li LLC (“HTFL”) acted as counsel to the Company. HTFL is a boutique law firm specializing in corporate, commercial, and securities transactions, cross-border financing, immigration and taxation. Our team of lawyers works together so our clients can benefit from astute business experience and sophisticated legal solutions.