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Internet seer: Former Buddhist monk preps IPO for crowdfunding startup

Campfire helps individuals and small groups raise funds online, making it the biggest such business in Japan.

Kazuma Ieiri. (Photo: Bloomberg)
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Kazuma Ieiri at his company's headquarters in Tokyo. (Photo: Bloomberg)

Min Jeong Lee and Gearoid Reidy | Bloomberg
Kazuma Ieiri was bullied at school, too poor to go to university, and spent years in his bedroom as a recluse. More than 20 years later, he’s aiming to take his startup public at a valuation of more than $1 billion.

Campfire Inc., which helps individuals and small groups raise funds online, is seeking to list shares this year at a valuation of as much as 200 billion yen ($1.8 billion), Ieiri said in an interview. It’s a long-anticipated IPO for the popular crowdfunding operator, the biggest such business in Japan.

Ieiri, 42, is one of a growing number of