Skip to main content

InvestorNewsBreaks – Lead Real Estate Co. Ltd. (NASDAQ: LRE) Closes on Initial Public Offering

Lead Real Estate Co. (NASDAQ: LRE) a Japanese real estate developer of luxury residential properties, including single-family homes and condominiums, across Tokyo and Kanagawa prefecture, has closed on its initial public offering; the offering consisted of 1,143,000 American Depositary Shares (“ADS”) at a price of $7 per ADS to the public, resulting in gross proceeds of approximately $8 million before the deduction of underwriting discounts and offering expenses. According to the announcement, each ADS represents one ordinary share of the company. The company has also granted a 45-day option to the underwriters to purchase up to 171,450 additional ADSs. The ADSs began trading on the NASDAQ on Sept. 27, 2023. EF Hutton, division of Benchmark Investments, LLC, and Boustead Securities, LLC acted as the joint book-running managers for the offering. 

To view the full press release, visit

About Lead Real Estate Co. Ltd

Lead Real Estate Co. is a Japanese developer of luxury residential properties, including single-family homes and condominiums, across Tokyo and Kanagawa prefecture. In addition, the company operates hotels in Tokyo and leases apartment building units to individual customers in Japan and Dallas, Texas. The company’s mission is to serve its customers by offering stylish, safe and luxurious living; its vision is to adopt the Kaizen (continuous improvement) approach to seek to improve its operations and leverage its nationally recognized, award-winning luxury homes and strong market position in the luxury residential property market in Tokyo and Kanagawa prefecture to create a global transaction platform allowing access to prime Japanese condominiums as well as overseas condominiums, including in the United States and Hong Kong. For more information about the company, please visit

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published:

Los Angeles, CA
310.299.1717 Office

InvestorWire is powered by IBN

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.