Japanese sports curriculum provider Leifras (LFS.US) sets IPO price at 4-5 US dollars per share, aiming to raise 7 million US dollars.

Leifras (LFS.US), which provides sports programs for children in Japan, filed for its initial public offering (IPO) with the Securities and Exchange Commission on Tuesday, aiming to raise up to $7 million. The Tokyo-based company plans to issue 1.6 million American Depositary Shares (ADS) at a price of $4 to $5 per share to raise $7 million. Based on the midpoint of the proposed price range, Leifras would have a market value of $119 million. Leifras' core business is children's sports schools, which refers to a series of courses and programs offered by the company to teach a sport, rather than a specific physical location. The company currently offers sports programs at over 4,500 locations throughout Japan, serving more than 65,000 members. Founded in 2001, Leifras had revenue of $65 million for the 12 months ending June 30, 2024. The company plans to list on the Nasdaq under the ticker symbol LFS. Kingswood Capital Markets is the sole bookrunner for the transaction.