We advised Money Forward on its international primary offering of common stock

Davis Polk advised Money Forward, Inc. in connection with its primary offering of 5,000,000 shares of common stock. The offering consisted of an international offering outside Japan pursuant to Rule 144A and Regulation S. The shares are listed on the Tokyo Stock Exchange.  The aggregate proceeds of the offering are approximately ¥32 billion (approximately $286 million).

Money Forward is a rapidly growing SaaS company offering innovative cloud-based back-office solutions and Fintech services to corporates, financial institutions and individuals.

The Davis Polk corporate team included partner Jon Gray, counsel Christopher Kodama and associates Chihiro Sasaki and Paul Lee. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Members of the Davis Polk team are based in the Tokyo and London offices.