Recipe Sharing Site Cookpad Goes IPO
Cookpad [JP], Japan’s biggest cooking site, announced today that they will be listed to Tokyo Stock Exchange Mothers section on July 17th.
CEO, Akimitsu Sano, started the service on 1998. Cookpad is a recipe sharing site with 558,939 registered recipes. The site has 6.8 million unique users and 351 million page views per month.
Cookpad has 676 million yen ($6.76M) revenue, 319 million yen ($3.19M) operating profit, and 176 million yen ($1.76M) after tax profit on FY2009.
Its sales consists of three segments, which are cooperative-marketing, advertisement, and subscription. Revenues of these segments are 399 million yen ($3.99M), 214 million yen ($2.14M) and 62 million yen ($0.62M), respectively.
Akimitsu Sano holds 69.24% shares of the company, and Yoshiteru Akita, a founder of Kakaku.com, holds 23.02%.
See Also:
* Our previous article: Cookpad The Number One Recipe Site
* TechCrunch article: A Recipe Site Goes IPO, In Japan (Cookpad)
Author Information Shunichi Arai is developing a product for his new stealth startup. Arai devotes his life to software business, reading, and salsa dancing. Arai also loves to learn other cultures and languages such as Korean. 
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