SBI-backed Japan robo-adviser Folio aims for profitability and plans an IPO.

Japanese robo-adviser Folio Holdings plans to go public soon, aiming for profitability in Japan's expanding $19.8 billion market.

SBI-backed Japan robo-adviser Folio aims for profitability and plans an IPO.

Alright, listen up! Japanese robo-adviser Folio Holdings is gearing up to go public, and the CEO, Shinichiro Kai, is super optimistic. He believes they’ll be profitable soon and is eyeing that initial public offering before you know it!

Japan’s robo-advisor scene is sitting on a goldmine, worth around ¥3 trillion ($19.8 billion). With over half of Japanese households' $14.1 trillion savings still hanging out in cash, there’s a big chance that cash will shift into fund wraps and robo-advisers. It's going to be a wild ride!

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