Japan’s Turing seeks $10 bln valuation in potential U.S. IPO

Japan’s Turing Corp. is preparing for a potential U.S. initial public offering that could value the artificial intelligence company at $10 billion, the Wall Street Journal reported on Monday.

The company, which specializes in AI-driven solutions, is also planning to expand its operations in the United States as part of its growth strategy. The IPO plans remain preliminary, and no formal filing has been made with regulators, the report said.

Turing’s valuation estimate is based on private market assessments and discussions with investors, according to people familiar with the matter. The firm has not publicly disclosed financial details or confirmed the timing of any potential listing.

The move reflects broader trends among Japanese tech firms seeking to tap U.S. capital markets amid a challenging domestic economic environment. Turing’s expansion into the U.S. could position it to compete more aggressively in global AI markets, where demand for advanced technologies has surged in recent years.

Analysts note that while the $10 billion valuation is ambitious, it underscores Turing’s perceived growth potential in a sector dominated by larger multinational players. The company’s ability to execute on its expansion and IPO plans will depend on market conditions and investor appetite for AI-related equities.