Japanese startup, Power Technology goes IPO on Korean stock market /Nikkei

Korean stock market operator, KRX, announced that it accepted preexamination of IPO on KOSDAQ market for Power Technology, SEO service provider of Japan. The company is predicted to go public in the middle of August. It does not get listed on Japanese stock market and aims to expand its business in Korea.

KRX strengthens to attract foreign companies such as Japan and China and this is the second IPO from Japan. Power Technology provides a service to advise improvement of web site so that it appears higher up.

Nikkei 6/27/2011

memo

• Power Technology was founded in 2003. It has many shareholders including advertising agencies such as Septeni and Opt, and venture capitals such as NIFSMBC, ngi, Jafco, Dentsu.com, GMO VenturePartnes, and Biglobe Capital.