Sakana AI prepares an IPO as early as autumn 2027 that could top Mercari's ¥680 billion listing, Nikkei reports

Nov 9, 2026
Sakana AI is reportedly preparing to list in Japan or the United States as early as autumn 2027, with a potential valuation above $4.3 billion.

Sakana AI is preparing an initial public offering in Japan or the United States as early as autumn 2027, according to MLQ, citing Nikkei Asia. The valuation could exceed the ¥680 billion ($4.3 billion) valuation at which Mercari listed.

The Tokyo-based AI company has hired Goldman Sachs as an adviser. The possible venues are the Tokyo Stock Exchange and Nasdaq.

Sakana AI raised ¥20 billion ($135 million) in November 2025 at a $2.65 billion valuation. Founded in 2023, the company builds AI that works in Japanese and works with financial institutions including MUFG and Daiwa.

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