Japanese car software developer Micware (MWC.US) sets IPO price at 7-9 dollars/ADS, fundraising scale reduced by 43% to 17 million dollars.

Japanese automotive information entertainment and navigation software developer Micware on Monday lowered the proposed size of its upcoming initial public offering (IPO). The company currently plans to issue 2.2 million American Depositary Shares (ADS) at a price of $7-9 per share, raising $17 million. The company had previously planned to issue 3.8 million ADS at the same price range. The latest fundraising amount for Micware is 43% lower than originally expected. The company plans to list on the Nasdaq under the stock symbol "MWC". Micware is a Japan-based software development and IT solutions provider focused on the automotive and travel industries. The company primarily develops in-car entertainment systems that support multimedia, navigation, human-machine interfaces, remote information processing, and driver assistance functions. They also develop navigation software and location-based services for vehicles and smartphones. Founded in 2003, the company operates in various regions of Japan and has subsidiaries in the United States, Thailand, and Germany, with revenue mainly coming from software-defined automotive systems, location-based services, and overseas software development services. Data shows that the company generated $137 million in revenue in the 12 months ending on August 31, 2025.