Micware files for IPO of American depositary shares

Micware files for IPO of American depositary shares

Micware Co., Ltd., a Japanese technology firm headquartered in Kobe City, has confidentially submitted a draft registration statement on Form F-1 to the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of American Depositary Shares (ADSs) representing its ordinary shares according to its announcement. The filing, made in late August 2025, marks the company's formal step toward a potential U.S. stock exchange listing. However, key details such as the offering size, pricing, and timeline remain undetermined and will depend on market conditions and regulatory review as stated in the filing.

The SEC's approval process and final determination of the listing's feasibility are pending, as outlined in the draft registration statement. Micware emphasized that the filing complies with Rule 135 of the U.S. Securities Act of 1933 and is intended solely to provide corporate disclosure. It explicitly stated that no offers to sell or buy ADSs have been made, and any future sales will adhere to applicable securities laws according to company disclosures.

Investors and market participants are advised to monitor further updates from the SEC and Micware's official communications. The company has directed inquiries to its Investor Relations team at mic_ir@micware.co.jp as directed.

Source: Micware Co., Ltd. investor relations disclosure, August 2025.