A Tokyo-based real estate company has chosen an unorthodox funding strategy by listing in New York before going public in its home market as it aims to popularize Japanese-style inns in the United States.
LogProstyle Inc., which operates traditional-style inns with tatami rooms in Tokyo, Yokohama, and Okinawa mainly targeted at foreign tourists, listed its shares on the NYSE American stock exchange in late March, in a rare initial public offering for a Japanese company.
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