Mixi, the 5 million-strong Japanese social networking service, is getting ready to go public with an IPO on the Tokyo Stock Exchange. Mixi expects to get ¥6.9 billion from the deal, about 7 years’ profits at the current rate.
In case you haven’t tried it, it’s a mighty fine service. While it has the usual features–you can make a profile and leave comments about others–its real strength is in its communities and their message boards, and there’s one (or more) for just about anything imaginable. Kind of like Orkut meets Yahoo Answers. The diaries are also pretty popular, although I tend to avoid them because they’re just not that interesting.
We thought GREE was cool as hell a year and a half ago, and now we just look at it and laugh at its lameness.