eBook Initiative Japan To Go IPO On Mothers At October 28 /Venture Now

ebook distribution service, eBookJapan operator, eBook Initiative Japan was accepted by Tokyo Stock Exchange for initial public offering on Mothers market.

Major investors are Mobile Internet Capital (15.45%) and Ant Lead Capital (14.54%). eBook Initiative Japan was founded on May 2000 to launch eBook sales site, eBookJapan, which has now over 50 thousands books. In 2010, it partnered with eBookTaiwan distributing ebooks for greater China.

Venture Now 9/26/2011

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• As for an eBook commerce service, Papyless went public in 2010. eBook Initiative is the second eBook distributor to go IPO. Both focus on Manga eBooks for PC and mobile.