Japan Eyewear Holding Co Ltd (Ticker: 5889 JP), operating in the Optical Supplies industry, was established as a holding company in 2021, aims for global expansion with a focus on high-quality, fashionable eyewear and a robust sales network of directly managed stores and dealers.

Based in Japan, the company specializes in manufacturing and selling eyeglasses and optical products under its subsidiaries, primarily through the Kaneko Optical and Four Nines brands. The IPO will take place on the Tokyo Exchange, with Japan Eyewear Holdings expecting to raise JPY 8.99 billion. The offering is managed by Daiwa Securities Co Ltd and Mitsubishi UFJ Morgan Stanley Securities Co.

Japan Eyewear Holdings is selling 6.61 million shares at an offer price of JPY 1,360 per share. The expected market capitalization at the offer is JPY 32.56 billion (approximately USD 217.46 million), and the total offer size is JPY 8.99 billion (approximately USD 60.01 million). The IPO is scheduled for November 16, 2023. The offering includes 21.19% primary shares and 78.81% secondary shares, with a greenshoe facility of 15.00%.