The company will list on the Mothers market of the TSE on September 14 of this year. Wantedly plans to offer about 80,000 shares — 50,000 for public subscription and 19,500 shares in over-allotment options.
Akiko Naka, CEO, Wantedly owns the bulk of the company’s shares (69.98 per cent). Its investors include CyberAgent; Shogo Kawada, Co-founder and advisor of DeNA, ; Shinji Kimura, the co-founder of news curation app Gunosy and payments platform AnyPay; The Nikkei newspaper; Masanori Sugiyama, Chairman and President of Zappalas; Managing Director of Enish, Kosuke Matsumoto.
Wantedly was founded in 2010 under the name of Fuel by Naka who previously participated in launching Japanese operations of Facebook. Focusing on the potential of referral recruitment business, she launched the Wantedly social recruiting platform.
The company’s algorithm uses social media to push job posts, so that a company’s open positions are not only viewed by job seekers who happen upon the post, but also by people within the company’s employees’ social network.
Candidates and their potential employers are then able to meet in a casual setting such as a cafe, so that both parties can get an idea about each other in an environment other than the office. This way, it is easier to gauge whether the candidate is a good cultural fit for the company, and at this stage no CVs or salaries are discussed.
Wantedly has grown to over 800,000 individual users, and it also has 23,000 corporations on its platform and it claims to have over 1.5 million unique users per month, according to The Bridge report.
Today, the company has evolved even further, offering complementary workplace and recruitment products such as Wantedly Visit, where prospective interviewees can visit the companies they wish to work at, and get to know the profiles of their employees.
Last year, Wantedly expanded to Indonesia; this year, it launched an office in Singapore.