
Dow Jones: Japan's Mixi To List On TSE Mothers Sept 14
Mixi Inc., a Japanese Internet social networking service operator, has received approval to list on the Tokyo Stock Exchange's Mothers market Sept. 14, the bourse said Monday...Mixi will conduct a book-building for the IPO shares from Aug. 29 to Sept. 4. The fixed offering price will be announced Sept. 5...The company expects to net Y6.9 billion from the IPO. For the current fiscal year through March, the company forecasts a parent pretax profit of Y1.72 billion, a net profit of Y986 million, revenue of Y4.79 billion and an earnings per share of Y14,953.98. Last fiscal year, the company posted a parent pretax profit of Y912 million, a net profit of Y576 million and revenue of Y1.89 billion.
Presumably good news for Mixi's FG co-founder, Batara Kesuma, given the finance world's ever-spiralling valuation of MySpace. Meanwhile, Korea's CyWorld is trying to crack the US market