Astroscale Holdings Inc. (Ticker: 186A JP) is a Japanese space company specializing in offering commercial services for the removal of space debris. Astroscale Holdings Inc. will list on June 5 on the Tokyo Stock Exchange’s Growth market. The company has priced its IPO at 850 yen per share, the top end of the price range. The company plans to sell 24,929,200 shares, raising approximately 21.2 billion yen ($136.2 million). The estimated market capitalization at the time of listing is approximately 93 billion yen ($631.65 million). The offering is managed by Morgan Stanley, Mizuho, and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Founder Mitsunobu Okada will offer 2.76 million shares in the IPO.

The proceeds from the IPO will be used to pay fees and expenses, for working capital, and for product development and R&D.