Exclusive-Japan spot work startup Timee targets July listing, sources say
TOKYO - Japan startup Timee, which operates a platform connecting workers seeking side gigs with labour-strapped businesses, is targeting a listing in July in Tokyo, two people familiar with the matter said.
Timee did not respond to requests for comment. The Tokyo Stock Exchange and Daiwa said they did not comment on individual cases. Morgan Stanley declined to comment. Timee's growth reflects a changing labour market driven by a deteriorating demographics, inflationary pressure and a shift to flexible working styles since the COVID-19 pandemic.
Timee's backers include trading firm Itochu and digital advertiser CyberAgent. Investors including venture capital firm Jafco plan to sell shares, one of the people said.Thirty-two companies including discount retailer Trial and space junk remover Astroscale have gone public in Japan so far this year, raising more than $800 million.
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