SmartNews Considers Tokyo Listing in October with Lower Valuation Than 2021 Funding Round.

SmartNews, a Japanese news aggregation app operator, is considering a Tokyo IPO as soon as October, with a valuation potentially lower than its $2 billion valuation in 2021. The company is working with Mitsubishi UFJ Morgan Stanley Securities Co. and Nomura Holdings Inc. for the listing, and has met with global investors to gauge interest. Founded in 2012, SmartNews uses algorithms to sift through global content and provides access to news from over 3,000 media sources.