IPO - Libera Gaming Operations, Inc

Form Type: F-1/A

Filing Date: 2025-07-07

Corporate Action: Ipo

Type: New

Accession Number: 000164117225018021

Filing Summary: As filed with the U.S. Securities and Exchange Commission, Libera Gaming Operations, Inc. has submitted a registration statement (Form F-1/A) for its initial public offering (IPO), allowing the sale of 1,250,000 common shares with a projected price range of US$4.00 to US$6.00 per share. The company operates in Japan's pachinko industry, reportedly one of the largest operators in a market that experienced total revenues of ¥5,832,288 thousand (US$38,282 thousand) for the year ended October 31, 2024. The registration also includes the issuance of warrants and common shares to the underwriters. The company expects to list its shares on The Nasdaq under the symbol 'LBRJ' and currently has significant control by CEO Toyotaka Nagamori, who holds approximately 63.6% of the voting power. Libera has been in business for over 60 years and also operates in real estate, coffee shop franchises, and restaurant management. The document highlights the company’s growth strategy, business structure, and various risks associated with its operations and the proposed offering.

Form Type: F-1/A

Filing Date: 2025-04-08

Corporate Action: Ipo

Type: New

Accession Number: 000164117225003073

Filing Summary: Libera Gaming Operations, Inc. is set to launch its initial public offering (IPO) of 1,250,000 common shares, with an anticipated price range of $4.00 to $6.00 per share. The company, a leading pachinko hall operator in Japan, aims to raise up to $5.29 million if underwriters fully exercise their over-allotment option. Currently, the company's CEO, Toyotaka Nagamori, holds approximately 63.6% of voting power, which is expected to decrease to about 57% post-offering. The company has 11 pachinko halls and reports total revenues of ¥5,832,288 thousand for the fiscal year ended October 31, 2024. Libera is applying to list its shares on the Nasdaq under the symbol 'LBRJ'. As an emerging growth company, it will leverage reduced public company reporting requirements. The company primarily operates in the pachinko industry, a highly regulated gaming sector in Japan, and also engages in real estate activities primarily focused on redevelopment in Tokyo. Significant risks are highlighted in the prospectus, including market acceptance and competition within the gaming industry, regulatory changes, and general economic conditions.