Skadden Arps Slate Meagher & Flom has advised Japanese taxi-hailing and ride-sharing company GO on its JPY88.6 billion (USD548 million) global IPO and Tokyo Stock Exchange debut in the largest listing in Japan in 2026 to date.
Kenji Taneda, head of Skadden’s Tokyo office and its corporate and US law practices in Japan, led the team alongside partner Ken Kiyota. The team included Sean Shimamoto, head of Skadden’s Houston tax group, partner Eric Sensenbrenner, and associates Tetsuya Kumamoto and Liam Kantor.
Goldman Sachs, which invested JPY10 billion in GO in 2023 at a JPY135 billion valuation, acted as joint global co-ordinators with Nomura Holdings and Bank of America.
The IPO was more than 25 times oversubscribed. International investors were allocated 70% of the offering, with 25% reserved for local retail investors and 5% for domestic institutions. More than 180 companies expressed interest in the international tranche, with BlackRock, Wellington Management and M&G Investment Management among those committing to purchase shares.
