LogProstyle Inc. Prices $10M IPO and Lists on NYSE American
LogProstyle Inc., a diversified Japanese company engaged in real estate development, hotel management, and restaurant operations, has announced the pricing of its initial public offering (IPO). The offering comprises 2,000,000 Japanese common shares at a price of US$5.00 per share. Trading is set to commence on the NYSE American under the ticker symbol “LGPS” on March 25, 2025. The gross proceeds from the IPO, before underwriting discounts and offering expenses, are expected to total approximately US$10 million. The offering is anticipated to close on March 26, 2025, subject to customary closing conditions.
To accommodate investor demand, LogProstyle has granted underwriters a 45-day option to purchase an additional 300,000 Japanese common shares at the initial offering price, less underwriting discounts, to cover over-allotments, if necessary.
Use of Proceeds
The Company plans to utilize the net proceeds from the offering for strategic business expansions, particularly focusing on its hospitality and real estate sectors. A significant portion of the funds will be allocated to expanding ProstyleRyokan, the Company’s traditional Japanese inn brand. LogProstyle aims to develop and manage additional Machinaka Ryokans, a unique type of hotel designed to incorporate traditional Japanese architectural aesthetics and décor elements within urban centers. This expansion will primarily take place in Japan, with further growth planned for the United States and the United Arab Emirates through joint ventures with local partners.
Beyond hospitality, LogProstyle also intends to invest in its real estate renovation and resale businesses. The Company currently focuses on renovating condominium units in Japan, where it revitalizes older properties by modernizing interiors while preserving their structural framework. This model will be expanded to other parts of Asia and the United States, further strengthening LogProstyle’s presence in the global real estate sector.
Underwriting and Legal Representation
Spartan Capital Securities, LLC is serving as the lead book-running representative for the offering. The firm may engage additional brokers or dealers to act as sub-agents during the offering process.
Legal counsel for the IPO includes Hunter Taubman Fischer & Li LLC, which is acting as U.S. securities counsel to LogProstyle, and Anthony, Linder & Cacomanolis, PLLC, which is representing Spartan Capital Securities, LLC.
A registration statement on Form F-1 (File No. 333-283286) related to the securities was filed with the U.S. Securities and Exchange Commission (SEC). A post-effective amendment to the registration statement was declared effective by the SEC on March 24, 2025. This offering is being conducted exclusively via a prospectus.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities. The sale of these securities will not occur in any jurisdiction where such an offer, solicitation, or sale would be unlawful before the necessary registration or qualification under the securities laws of that jurisdiction.
Real Estate and Hospitality Ventures
One of LogProstyle’s primary business areas is real estate development, which includes the construction of residential condominiums, hotels, and mixed-use properties. Through its Prostyle subsidiary, the Company purchases land, engages in architectural planning and design, and oversees the development process. This end-to-end approach allows LogProstyle to maintain high standards in both construction quality and sustainability.
In the hospitality sector, LogProstyle operates the ProstyleRyokan brand, a collection of hotels that merge traditional Japanese hospitality with modern urban conveniences. By expanding the Machinaka Ryokan concept, LogProstyle seeks to offer travelers an authentic Japanese accommodation experience in city centers. The expansion of this business line into the United States and the UAE represents a significant step toward globalizing Japan’s rich hospitality traditions.
Real Estate Renovation and Resale
LogProstyle also has a strong presence in Japan’s real estate renovation market through its LogSuite subsidiary. The company specializes in the purchase and modernization of pre-owned condominium units in central Tokyo. This process includes stripping interiors down to their framework and reconstructing them with updated layouts, plumbing, and amenities. The entire renovation process takes approximately 12 months, with six months dedicated to construction. The Company plans to extend this model into other parts of Asia and the United States.
Expansion and Sustainability Initiatives
Sustainability is a core aspect of LogProstyle’s business model. The Company integrates energy-efficient designs, eco-friendly materials, and smart technology into its properties. By revitalizing existing structures through renovation rather than new construction, LogProstyle actively contributes to reducing carbon emissions and minimizing construction waste.
Furthermore, LogProstyle’s planned expansion into joint ventures for Machinaka Ryokans in the United States and the UAE aligns with its strategy to introduce sustainable urban accommodations to international markets. By forming strategic partnerships with local businesses, LogProstyle ensures cultural and market adaptability while maintaining high operational standards.
Outlook and Market Positioning
LogProstyle’s IPO marks a major milestone in its growth journey. With the proceeds from this public offering, the Company is well-positioned to execute its strategic initiatives in real estate development, hospitality, and renovation. By expanding both within Japan and internationally, LogProstyle aims to strengthen its brand as a leader in lifestyle-driven real estate solutions.
The Company’s focus on blending traditional Japanese design with modern urban functionality sets it apart from competitors. Its integrated approach to development, from land acquisition to final construction and hospitality management, ensures a seamless execution of projects that appeal to both domestic and international markets.
Investor Information
With its NYSE American listing under the ticker symbol LGPS, LogProstyle provides global investors an opportunity to participate in its expansion strategy. The IPO proceeds will be instrumental in funding projects that enhance LogProstyle’s footprint in the real estate and hospitality industries. As demand for innovative and sustainable living solutions grows, LogProstyle remains committed to delivering high-quality properties that redefine urban lifestyles.
