Japanese real estate company Nihon Shintatsu (JSTT.US) increases US IPO size by 200% aiming to raise $19 million.

Real estate company Nihon Shintatsu (JSTT.US), focusing on the Japanese tourism property market, announced on Thursday a revised plan for its upcoming initial public offering (IPO) in the United States, significantly expanding the offering size. The company, headquartered in Otaru, Japan, now plans to issue 3.8 million shares at a price of $4 to $6 per share, aiming to raise $19 million. Previously, the company had planned to issue 1.3 million shares at the same price range. With this adjustment, the fundraising size has increased by 200% compared to the original plan, and the post-listing market value is expected to reach $131 million. The company is a real estate enterprise focused on the tourism-driven market in Hokkaido, Japan, primarily engaged in the acquisition, value enhancement, and resale of real estate assets. Its core business involves identifying underutilized properties in high-potential tourist areas, with income mainly from real estate sales, consulting services, and brokerage services. Established in 2016, Nihon Shintatsu achieved a revenue of $5 million in the twelve months ending on April 30, 2025. The company plans to list on Nasdaq under the stock symbol "JSTT," with Sparta Capital Securities serving as the exclusive book-running manager for the offering.