4169：ENECHANGE Ltd　
IPO Summary

 Index

• AI-Analysis
• CompanyOverview
• Initial Public Offering Memo
• Financial Memo
• Major Shareholders Memo

 AI Analysis

■AI Analysis

■AI Analysis Chart

 CompanyOverview

• Company Name：ENECHANGE Ltd
• Business：消費者向けの電力・ガス切り替えプラットフォーム「エネチェンジ」等の運営を行うエネルギープラットフォーム事業、エネルギー会社等向けのクラウド型DXサービス「EMAP（デジタルマーケティング支援SaaS）」及び「SMAP（スマートメーター活用SaaS）」等の提供を行うエネルギーデータ事業.
• The industry sector is Information&Communication.
• Scheduled to be listed on MOTHERS.
• The company size is that assumed market capitalization is
  approx. 34 Million JPY (excluded public offering), approx. 35 Million JPY (included public offering).
• The lead manager is みずほ.

Initial Public Offering Memo

■ Market Cap | Offering rate | Dilution rate | lock-up information

• The company size is assumed market capitalization is
  approx. 34 Million JPY (excluded new issues), approx. 35 Million JPY (included new issues).
• The total amount of new issues is 0.3 Million JPY.
• The total amount of public offering is 2.3 Million JPY.
• The dilution ratio from the new issues is 1%.
• Rate of offering is aprrox. 7%.
• The number of outstanding shares is 5,700,000 shares (excluded new issues),
  5,750,000 shares (included new issues).
• The number of diluted shares for stock acquisition rights is 2,177,301 shares.
• Date of 90-day lockup release (initially scheduled) is March 22, 2021.
• Date of 180-day lockup release (initially scheduled) is June 20, 2021.

■ Book building schedule | Payment schedule

• Book building Period *1：December 7, 2020(Mon.) - December 11, 2020(Fri.)
  
• Priced date *2     ：December 14, 2020(Mon.)　
• Payment Period *3   ：December 15, 2020(Tue.) - December 18, 2020(Fri.)
  
• Listing Date      ：December 23, 2020(wed.)

■ Detail of new issue or public offering

• Unit of application：100 shares (Minimum deposit amount is 60,000 JPY.)
• Assumed issue price：520 JPY
• Tentatively price range：520 JPY - 600 JPY
• Public offering price：600 JPY
• The initial price on listed：2400 JPY(＋300.0％)

• Newly Issued Shares：50,000 shares (Domestic：50,000 shares ＋ Overseas：0 shares)
• Public offering shares：387,000 shares (Domestic：387,000 shares ＋ Overseas：0 shares)
• Number of domestic unit：4,370 Unit

• The lead manager is みずほ証券.
• The another securities companies are 大和証券/野村證券/三菱ＵＦＪモルガン・スタンレー証券/ＳＭＢＣ日興証券/いちよし証券/ＳＢＩ証券/マネックス証券/楽天証券/松井証券.

■ New issue or public offering - condition history

※：( ) indicates the breakdown.
e.g. In the case of a PO(overseas), there are domestic and overseas allotments of the public offering, of which the overseas allotment is indicated.
PO : Public offering　OA : Over allotment