Twin sisters score Japan’s hottest IPO by making games for women

Coly Inc mobile game ‘Promise Of Wizard’ on a smartphone in Kawasaki, Kanagawa Prefecture, Japan. Coly’s co-founders Anna and Mizuki Nakajima took their seven-year-old mobile games studio public Friday, and the stock doubled, the strongest market debut of 2021. — Bloomberg

To the growing list of things that make gaming startup Coly Inc unusual, it can add one of the best market debuts in recent Japanese history.

Co-founders Anna and Mizuki Nakajima – they’re twins – took their seven-year-old mobile games studio public on Feb 26, and the stock doubled, the strongest market debut of 2021. As of Tuesday’s close, each sister’s 33.75% stake was worth 15.2bil yen (RM574.52mil).