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TYO:581A

4 stories mentioning TYO:581AUpdated 4d ago

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Asia

Waymo, Nihon Kotsu, Go Team Up for Autonomous Ride-Hailing Service in Tokyo; Go Shares Up 9%

U.S.-based autonomous driving technology company Waymo has partnered with Japanese taxi operator Nihon Kotsu and taxi-hailing app Go (TYO:581A) to launch an unmanned ride-hailing service in Tokyo in 2027, according to a Monday release.The service will be available in both the Go and Waymo apps, with a planned expansion to about 100 vehicles across the city.The project's timeline is subject to regulatory approval from national and local authorities as well as the completion of ongoing validation of Waymo's technology and the joint operations.Waymo is a subsidiary of Google's parent company Alphabet.Shares of Go rose 9% in recent trade.

TYO:581A
Asia

Market Chatter: Average Market Cap of Japanese Startup IPOs Hits All-Time Peak

The average market capitalization of startup IPOs in the Tokyo bourse rose 60% year over year to a record 30.9 billion yen for the first eight months of 2026, Nikkei Asia reported Sunday.The average is also up 60% compared to the average from 2013 to 2025, the report said.The IPOs include ride-hailing platform Go (TYO:581A) with a market capitalization exceeding 150 billion yen and autonomous driving technology company Tier IV (TYO:593A) at 64.4 billion yen, the report said.The average time from a company's founding to its IPO is 15 years, more than the usual 12 to 13 years, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nikkei 225TYO:581ATYO:593A
Asia

DeNA Sells Go Inc Shares in 36.6 Billion Yen Secondary Offering

DeNA (TYO:2432) sold over 16.1 million shares of Go Inc (TYO:581A) at 2,400 yen apiece through a secondary offering on Tuesday, following Go's Tokyo Stock Exchange Growth Market debut.The sale reduced DeNA's stake in the taxi-hailing app company to 4.99% from 25.75%, with proceeds totalling 36.6 billion yen, according to a Tokyo bourse filing on Tuesday.DeNA expects to record approximately 40.1 billion yen as equity in earnings of affiliates on a consolidated basis, and 35.3 billion yen as gains on share sales on a non-consolidated basis, for the fiscal year ending March 2027.Following this transaction, Go will no longer be accounted for as an equity-method affiliate of DeNA, though the company said its full-year earnings forecast remains unchanged pending further review.

TYO:2432TYO:581A
Asia

Ride-Hailing Platform Go Jumps 21% in Tokyo Trading Debut

Go (TYO:581A) shares surged 21% on their Tokyo Stock Exchange debut Tuesday, trading at 2,910 yen above the IPO price of 2,400 yen.The ride-hailing firm, backed by Goldman Sachs, raised 88.6 billion yen, giving it a market value of 186 billion yen.DeNA saw its voting rights in Go drop from 25.75% to 4.99% following the Tokyo Stock Exchange listing, losing its status as a parent company, major shareholder, and largest shareholder.NTT's (TYO:9432) NTT Docomo also fell below the major shareholder threshold, with its voting rights decreasing from 18.28% to 3.66%.Goldman Sachs is the joint global coordinator and lead underwriter for the IPO.

TYO:581ATYO:9432

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