AnyMind delays Tokyo IPO citing ‘risks and disclosures’

AnyMind Group, a Singapore-born ecommerce enabler, has decided to delay its plans to list on the Tokyo Stock Exchange due to “risks and disclosures” in its business activities.

AnyMind co-founder and CEO Kosuke Sogo (left) and Lyft founder Edward Kato / Photo credit: AnyMind

Previously, the company announced a listing date of December 15 after receiving approval from the bourse.

AnyMind said in a statement that it expects the IPO postponement to have a “negligible impact” on its future business growth. According to the firm, it will need a “reasonable amount of time” to confirm the said risks and disclosures before setting a new listing date.

“We understand that the internet industry, to which our company belongs to since we started operations, is relatively young, highly diverse, and highly competitive and that there are various uncertainties, especially as we expanded our business quickly over the years,” the company said.

Now based in Tokyo, AnyMind currently has 1,200 employees across 19 offices in 13 markets.

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Earlier this year, the firm rolled out TikTok Shop, Yahoo Japan Shopping, and PayPay Mall onto its management platform AnyX, which was launched in April 2022.

AnyX helps individuals and businesses manage, optimize, and track their operations across ecommerce platforms such as Shopee, Lazada, Rakuten, and Amazon.