Japanese automotive software developer Micware(MWC.US) IPO priced at $7-9 per ADS, planning to raise $30 million

Jingdong Finance APP learned that Japanese in-car software developer Micware (MWC.US) submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) last Friday. According to the disclosure documents, this Kobe-based technology company plans to raise up to $30 million through the U.S. listing. Micware intends to issue 3.8 million American Depositary Shares (ADS) at a price range of $7 to $9 per share.

Founded in 2003, Micware has been deeply involved in automotive software for many years. Its core business focuses on the development and integration of in-vehicle infotainment systems (IVI) and advanced navigation software. The main products include IVI systems supporting multimedia, navigation, human-machine interaction, remote information processing, and driving assistance functions; as well as navigation software and location-based services for vehicles and smartphones.

As a key software service provider in Japan’s automotive supply chain, Micware not only provides digital solutions to major automakers but has also actively expanded internationally in recent years. The company has established branches in the U.S., Germany, and Thailand to operate across borders and approach global core automotive markets. Listing on Nasdaq is seen as a crucial step to enhance its international brand recognition and accelerate the development of cutting-edge in-car technologies.

It is understood that the company’s revenue mainly comes from software-defined vehicle systems, location-based services, and overseas software development services. In the 12 months ending August 31, 2025, it achieved revenue of $139 million. The company plans to list on Nasdaq under the stock code MWC, with A.G.P. serving as the exclusive bookrunner for the offering.