PicoCELA opens at $4, IPO priced at $4 per share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2025
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IPO Details: PicoCELA, a Tokyo-based company, has priced its initial public offering at $4.00 per American Depositary Share (ADS), raising funds through the sale of 1.75 million ADS, down from an initially planned 2 million shares.
Underwriters: The offering was managed by Benjamin Securities and Prime Number as joint book running managers.
Analyst Views on PCLA
About PCLA
Picocela Inc is a Japan-based company mainly engaged in the manufacturing, installation, and services for enterprise wireless mesh solutions. The sales of product equipment business is engaged in the development of mesh Wi-Fi access point devices, PCWL series, utilizing the proprietary patented wireless mesh communication technology software PicoCELA Backhaul Engine (PBE), which enables wireless Wi-Fi and mesh communication by linking a chain of multiple wireless Wi-Fi access points by radio communication not by cabling. The Software as a Service (SaaS), maintenance and others business is engaged in the provision of a cloud portal service, PicoManager, which enables users to monitor connectivity and communication traffic at each of the mesh Wi-Fi access points. PicoManager also serves as a platform for customers to install their proprietary edge-computing software into PCWL series. The Company also license the patented wireless mesh technology to third-party manufacturers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
