Medirom Healthcare Technologies Inc.

Medirom Healthcare Technologies Inc. (MRM) priced its initial public offering on Dec 30, 2020 at $15.00 per ADS, within its $14.00–$16.00 range, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $72.3M. Maxim Group was lead-left underwriter. Greenberg Traurig advised the company and Ellenoff Grossman & Schole advised the underwriters.

Medirom Healthcare Technologies Inc. operates in the relaxation salon market and runs a Real Media platform on which advertisers spend. The excerpt lists its strategy of entering new markets, expanding its customer base and acquiring companies and assets.

Status

IPO

Ticker

MRM

Exchange

Nasdaq Capital Market

Priced

Dec 30, 2020

IPO price

$15.00 per ADS

Price range

$14.00–$16.00

Market cap at IPO price

$72.3M

First filed

Nov 20, 2020

Underwriters

Maxim Group

Company counsel

Greenberg Traurig

Underwriters' counsel

Ellenoff Grossman & Schole

Sector

Consumer

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.