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akippa

akippa

TSE Standard ・ Ticker 627A Upcoming

Application period (book building)
2026-09-03 — 2026-09-09
Lottery result
2026-09-10
Listing date
2026-09-18
Cash needed to apply for one lot (100 shares)
about 57,000 yen
Tentative price range (kari-joken)
540 — 570 yen
Offering size (estimated)
1.4 billion yen ・ 2,542,700 shares
Market capitalisation at listing
3.6 billion yen
Lock-up
Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 筆頭株主のSOMPOホールディングスと社長に360日間、その他の主要株主に180日間(一部は公開価格の1.5倍で解除)
Company website
https://akippa.co.jp/

Brokers you can apply through

You can only enter this lottery through a broker underwriting it. The lead underwriter is SBI Securities, which receives the largest allocation.

Broker pages are in Japanese. A comparison in English is on the brokers page.

What stands out

  • More than 55,000 parking spaces listed on average in December 2025, and over 5 million cumulative members
  • Because it owns no parking assets, it turned an ordinary profit in the year to December 2023 and reached 204 million yen in the year to December 2025
  • Used as official parking for professional sports clubs, including 20 J.League clubs, and for events such as fireworks festivals

What could go wrong

  • The company has never paid a dividend since it was founded
  • More than 80% of the shares on offer come from existing shareholders selling, among them SOMPO Holdings and DeNA
  • All of its revenue comes from the single Akippa business, and because the costs of signing up parking spaces and attracting drivers come first, margins are thin (an ordinary profit margin of 5.3% in the year to December 2025)

About the company

Runs Akippa, a parking marketplace where drivers book unused private driveways and monthly parking spaces by the quarter-hour through an app.

How it makes money

The parking fees and service charges paid by drivers are booked as revenue in full, and the amount left after the company's commission is paid out to the owner of the space as cost of sales. It owns no parking lots itself and simply provides the place where owners and drivers meet, so it needs no payment machines or gates. Cumulative membership passed 5 million at the end of December 2025, and an average of more than 55,000 spaces a month were listed nationwide in December 2025. Its take rate, the share of transaction value it keeps as commission, is in principle 53.7% as of the end of June 2026.

Where growth is meant to come from

The company plans to keep adding listings through two routes at once — its Owner Mode app, which lets owners register a space themselves, and direct selling by its own team and partner agents — while widening the product into uses such as subscriptions. The net proceeds of the offering, about 169 million yen, are all earmarked over three years for the salaries of engineers and other product staff and for outside contractors.

Read about this company in Japanese →

Figures are taken from the offering documents and public sources, and are checked against two independent sources before publication. Nothing here is investment advice. Shares can and do open below their offer price.