Japanese real estate company Nihon Shintatsu (JSTT.US), which focuses on the tourism property market, announced an adjustment to its upcoming U.S. initial public offering (IPO) on Thursday, significantly increasing the size of the offering. The Otaru-based company now plans to offer 3.8 million shares at a price between $4 and $6 per share, aiming to raise $19 million. The company's previously filed application indicated an original plan to offer 1.3 million shares within the same price range. Following this adjustment, the fundraising target has surged by 200% compared to the original plan; based on the midpoint of the price range, the company's post-listing market capitalization is projected to reach approximately $131 million. The company is a real estate enterprise focused on the tourism-driven market in Hokkaido, Japan, primarily engaged in the acquisition, value enhancement, and resale of real estate assets. Its core business involves identifying underutilized properties in high-potential tourist areas, with revenue mainly derived from property sales, consulting services, and brokerage services. Established in 2016, Nihon Shintatsu generated revenue of $5 million in the twelve months ended April 30, 2025. The company plans to list on the Nasdaq stock exchange under the ticker symbol "JSTT," with Spartan Capital Securities acting as the sole book-running manager for the offering.