TLDR:
- Tokyo Stock Exchange (TSE) has announced additional partners for its TSE Asia Startup Hub, bringing the total number to 52 partners and four observers.
- The initiative aims to support the growth of promising Asian startups through business development, fundraising, and IPOs in Japan.
Tokyo Stock Exchange, Inc. (TSE) has announced the addition of 21 venture capitals and one bank to its TSE Asia Startup Hub, bringing the total number of partners to 52 and four observers. The initiative, launched in March, aims to build an ecosystem that supports the growth of promising Asian startups. Among the latest additions to the hub are Korea Development Bank as the latest bank partner and various venture capital firms such as CyberAgent Capital, Inc. and Genesia Ventures, Inc.
TSE continues to develop the TSE Asia Startup Hub by publicizing the companies to be supported and providing support measures along with the partners. The initiative collaborates with domestic and international partners to support leading Asian companies for business development and fundraising through IPOs and other means. Many leading Asian companies and stakeholders have shown interest in participating in the initiative since its announcement.
The TSE Asia Startup Hub aims to encourage promising Asian companies to choose TSE for their IPOs. By enhancing collaboration among TSE and the partners, the initiative seeks to increase listings of Asian companies by providing tailored support for business development, fundraising, and IPOs in Japan. Eligibility criteria for Asian companies to be supported will include factors such as valuation, intention for IPO, audit, and connection with Japan.
The TSE Asia Startup Hub plans to recruit Asian companies for support and will announce the selected companies in the third quarter of 2024. This initiative highlights TSE’s commitment to fostering the growth of promising startups in Asia and facilitating their access to the Japanese market.
