News

CEO Blog Update: Japanese iOS App News Site AppBank Goes IPO

An app news site that gets listed? Japan is probably the only market in the world where this is possible, and it’s scheduled to happen on October 15.

The country’s biggest such site AppBank was rumored to be an IPO candidate for quite a while now, and the eponymous startup behind it made the news public today.

Established in 2012, AppBank disclosed it generated US$20.1 million in sales last year, while operating profit reached a handsome US$4.5 million.

The company expects to hit US$63 million in market capitalization when it’s public.

(…) Please read the rest of the entry here.