Oliver Corporation (Ticker: 619A JP) is a Japanese commercial services company providing end-to-end interior solutions, spanning planning, design, consulting, project management, furniture manufacturing and interior construction. The company serves offices, hotels, restaurants, retail locations, healthcare facilities and other commercial and public spaces, supported by more than 100 designers. Oliver plans to list on the Tokyo Stock Exchange Standard Market on September 16, 2026.

The IPO was priced at JPY 305 per share, at the top of the JPY 295-305 range. The offering comprises approximately 74.1 million shares, raising approximately JPY 22.6 billion (approximately $142 million), before a potential 11.1 million-share overallotment. The offering consists entirely of secondary shares, with no primary shares being issued, meaning the proceeds from the base offering will go to selling shareholders rather than the company. The implied market capitalization at the offer price is approximately JPY 30.5 billion, or around $191 million.

Oliver’s largest shareholders include private equity-related entities Integral No. 4 Investment Limited Partnership, Initiative Delta IV L.P., Innovation Alpha IV L.P. and Integral Corporation. Daiwa Securities and Nomura Securities are the lead managers of the offering.