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A media person stands in front of the stock quotation board during a ceremony marking the end of trading in 2022 at the Tokyo Stock Exchange (TSE) in Tokyo, Japan December 30, 2022. REUTERS/Issei Kato

 

U.S. law firm Skadden, Arps, Slate, Meagher & Flom has guided Timee, Inc, a Japanese on-demand job platform, on its $435 million initial public offering and listing on the Tokyo Stock Exchange. Simpson Thacher & Bartlett advised the international managers on the deal.

The international managers for the offering were Daiwa Capital Markets Europe, Merrill Lynch International and Morgan Stanley & Co. International.

Shares in Timee, which operates a platform connecting workers seeking side gigs with labour-strapped businesses, rose roughly 30 percent on July 26 in their Tokyo stock market debut.

The Skadden team was led by Tokyo-based partner Kenji Taneda and included counsel Ken Kiyota and associates Tetsuya Kumamoto and Liam Kantor.

The STB team on the deal included partners Taki Saito, and David Snowden, and associates Xochitl Romo and Anni Cai. Partner Jon Cantor; and senior counsel Jeanne Annarumma (executive compensation and employee benefits) assisted on the deal.

 

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