Japan-based web developer SFIDA X files for a $12 million US IPO

SFIDA X, a Japan-based provider of website design, development, and other IT services, filed on Monday with the SEC for an initial public offering. The company used a $12 million placeholder for its estimated deal size.

• https://www.sfidax.jp/en/

The Tokyo, Japan-based company was founded in 2009 and booked $29 million in sales for the 12 months ended March 31, 2024. It plans to list on the Nasdaq under the symbol SFDX. SFIDA X filed confidentially on September 13, 2024. ThinkEquity is the sole bookrunner on the deal. No pricing terms were disclosed.