Growthlisted215A

Timee Inc.

タイミー

Technology · Listed 2024-07-26

Price Overview

Offer Price

¥1,450

Range: ¥1,350–¥1,450

First Day Open

¥1,850

First Day Close

¥1,760

Current Price

¥1,517

Post-IPO Returns

1st Day

+21.4%

+22.1%

30d

+22.1%

90d

+22.1%

180d

+22.1%

52W High

¥1,920

52W Low

¥1,032

Avg Volume

1,650,640

Business Description

Timee operates Japan's largest spot-work matching platform connecting businesses with workers for short-term jobs. The platform uses AI-powered matching to fill shifts in retail, logistics, and food service sectors within minutes.

Risk Factors

Highly competitive spot-work market with potential entry from major HR platforms
Regulatory risk around gig economy worker classification
Heavy dependence on service industry demand cycles

Offering Details

Lead UnderwriterDaiwa Securities

Bookbuilding2024-07-10 – 2024-07-16

Shares (Koubo)10,440,000

Shares (Uridashi)20,890,000

Overallotment4,700,000

Lock-up

Typeboth

Period180 days

Financials

Revenue (Latest)¥23M

Revenue (Prev)¥13M

Revenue Growth76.9%

Op. Margin15.2%

Net Income¥2M

Ownership

CEOShota Ogawa

Founder Ownership35.2%

VC Ownership28.5%

Employees1,200

Founded2017-08-01

Use of Proceeds

Product development and AI enhancement, marketing expansion, hiring of engineering talent