Japanese-style inn operator eyes U.S. expansion after N.Y. listing

A Tokyo-based real estate company has chosen an unorthodox funding strategy by listing in New York before going public in its home market as it aims to popularize Japanese-style inns in the United States.LogProstyle Inc., which operates traditional-style inns with tatami rooms in Tokyo, Yokohama, and Okinawa mainly targeted at foreign tourists, listed its shares on the NYSE American stock exchange in late March, in a rare initial public offering for a Japanese company.The company, set up in 2006, aims to expand its operations to the United States in collaboration with local partners and is …READ FULL ARTICLE