GABA to Launch IPO on December 1, 2006

GABA Corp., an operator of English conversation schools in Japan, received approval recently to be listed on the Tokyo Stock Exchange (Mothers) market on December 1st, 2006. The company plans to make an IPO (initial public offering) at that time of 12,400 shares. Daiwa Securities SMBC will be acting as the lead underwriter of the offering.

GABA focuses on private language classes, and has become well known in Japan for its popular "man-to-man" advertisements. For the current year through December, GABA anticipates a pretax profit of 1.39 billion yen, up from 1.12 billion yen the previous year.

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November 01, 2006