Appier ¥17.3 billion follow-on offering
We advised the joint lead managers on the equity offering
Davis Polk advised the joint lead managers in connection with the offering of 11,795,900 shares of common stock of Appier Group, Inc. The shares are listed on the Tokyo Stock Exchange and were offered outside Japan pursuant to Rule 144A and Regulation S. The shares were sold by multiple selling shareholders, including Sequoia Capital India Investments IV. The aggregate proceeds of the offering were approximately ¥17.3 billion (approximately $154.7 million).
Appier is a provider of SaaS solutions and AI technology for marketing applications based in Taipei. Appier’s technology incorporates AI and machine learning models to predict future user behaviors and to develop a view of user preferences.
The Davis Polk corporate team included partner Jon Gray, counsel Christopher Kodama and associates Chihiro Sasaki and Paul Jun. All members of the Davis Polk team are based in the Tokyo office.