SmartNews eyes Tokyo IPO in October. The Japanese news aggregation app is planning a potential listing on the Tokyo exchange as soon as next month, according to sources familiar with the matter. However, the valuation is expected to be lower than the company's 2021 valuation of two billion dollars. The timing and valuation remain subject to change given recent market volatility. SmartNews has engaged Mitsubishi UFJ Morgan Stanley Securities and Nomura Holdings to manage the listing process. Founded in 2012, the company aggregates content from over three thousand media sources globally and operates in both Japan and the United States. The company has been diversifying revenue through advertising and subscription services.
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