SoftBank-backed IoT company Uhuru to seek London IPO

Uhuru, a Japanese technology company backed by SoftBank, is to make its market debut with a London listing in October, despite the uncertainty surrounding the threat of a no-deal Brexit. The start-up develops technology that connects smart devices and their associated internet infrastructure to the cloud. Uhuru, whose business partners include British chip designer Arm Holdings, among others, mainly supplies to Japanese multinationals such as Honda, Dentsu, Mitsubishi Heavy Industries and Yamaha. Its technology helps customers to operate and manage internet-connected devices — from wind turbines to heavy machinery — and analyse the data flowing from them.

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https://www.ft.com/content/27c04404-c33a-11e9-a8e9-296ca66511c9