Progress Technologies Group(TYO:339A) has set a provisional initial public offering (IPO) price range of 1,890-1,950 yen per share, according to new listing filings on the Japan Stock Exchange.
At the price range, the consultation firm is valued between 13.4 billion and 13.8 billion yen, based on the number of issued shares of 7.07 million (as of Feb. 21, 2025).
The IPO, scheduled for March 28 on the growth market, involves a public offering of 707,200 new shares. Nomura Securities is the principal underwriter.
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