TOKYO — Go completed an initial public offering in June 2026, raising 88.6 billion yen to fund expansion of its robotaxi business and strategic mergers and acquisitions. This offering was the largest in Japan during 2026.

"We intend to use the proceeds from the sale of newly issued shares toward investment in research and development related to robotaxis and investment in business expansions, including strategic mergers and acquisitions in our business inside and outside of the taxi industry." A Go spokesperson said. The company has not set a specific timeline for fully driverless operations. "We plan to begin driving fully autonomously, without a human specialist present, when we validate our technology and receive approval to do so," the spokesperson said.

The company received investments from BlackRock, Wellington Management, and M&G Investment Management. The initial public offering price was 2,400 yen per share, and the stock closed at 2,314 yen on the Friday following its public debut.

The company was established in 1977 as a taxi operator. Its ride-hailing application has 35 million downloads and holds an 80 percent share of Japan's taxi app market by usage time. It operates in 46 of Japan's 47 prefectures and has 85,000 partner vehicles.

The company has formed partnerships with Waymo, an autonomous driving subsidiary of Alphabet, and Nihon Kotsu. It is responsible for the strategic coordination of these partnerships. Hiroshi Nakajima, CEO, stated that the company will not invest directly in the development of autonomous driving systems. Additionally, it has partnered with Kakao T, Alipay, and WeChat Pay, which allows travelers from South Korea, China, and Taiwan to hail affiliated taxis using their existing local applications.

No independent assessment was available for this report.