Japan’s most-funded startup is out of the oven, and it wants you to take a bite.
Metaps, the app monetization specialist, is going public on 28 August in a move that’s expected to bring in $30.6 million for the company.
Slice me up
The news follows in the wake of a further $36 million worth of series C round funding, which brought its cash-injected funding coffers to a total of $52.5 million.
Metaps’ IPO application stipulates an initial market cap of $350 million, assuaging potential concerns that an IPO was not expected so soon.
The startup has been going since 2007, but it didn’t truly take off until 2010 when its app monetization business blossomed.
Now it claims to have helped over one billion app downloads, with over 70 percent of its revenue coming from overseas clients.