Japan’s Sakana AI targets 2027 IPO on Tokyo or Nasdaq exchange
Photo: Eugene Hoshiko AP/TT

Japan’s Sakana AI targets 2027 IPO on Tokyo or Nasdaq exchange

Japanese AI company Sakana AI is aiming to go public in the fall of 2027, the Japanese business newspaper Nikkei reports. The listing could be on the Tokyo Stock Exchange or the Nasdaq in New York, according to the newspaper, which did not cite a source for the information.

The newly launched Sakana AI, co-founded by David Ha, Ren Ito and Llion Jones, has begun work on its own Japanese AI model, according to previous reports about the privately held company.

Sakana AI has hired the American investment bank Goldman Sachs as an adviser for its stock market listing.

The company, whose owners include major banks Citi and Mitsubishi Electric, has also reached an agreement with Japan's Ministry of Defense to integrate its AI tools into the country's defense sector and strengthen its intelligence operations.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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