17-02-2025
SBI-Backed Japan Robo-Adviser Folio Targets Swing to Profit, IPO
Japanese robo-adviser Folio Holdings Co. is looking to go public as the SBI Holdings Inc.-backed startup zeros in on profitability in a market primed for expansion, Chief Executive Officer Shinichiro Kai said in an interview.
Kai told Bloomberg he expects the Tokyo-based firm to become profitable and launch an initial public offering 'in the not-so-distant future.' Japan's robo-adviser market, estimated to be worth around ¥3 trillion ($19.8 billion), has massive room for growth, he added.
