Source: Nikkei Asia
Summary
Go’s IPO, the largest in Japan this year, aims to address the country’s shortage of taxi drivers. The company plans to use the ¥88.6 billion raised to tackle this issue.
Our Reading
The launch follows a familiar script.
Go’s IPO is set to boost Japan’s listing season, and the company plans to use the funds to address the country’s taxi driver shortage. Because what’s new is always old, Go is essentially using its IPO to solve a problem that’s been around for ages. The company’s solution is to throw money at it. How original. The shortage of drivers is an “existential issue” that’s been lingering, but a massive cash infusion will surely fix it, right?
Author: Evan Null
