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SmartNews plans December IPO at sharply reduced valuation

Original: SmartNews is planning an initial public offering in December at a fraction of its previous valuation, according to peopl

SmartNews is preparing an initial public offering in December, according to people familiar with the matter, but at a fraction of the valuation it once commanded. Reports link the drop to the news aggregator's business being decimated by AI, which has cut traffic to news apps as users increasingly get information directly from AI tools.

Why now: The December IPO plans and the AI-driven collapse in its valuation are newly reported, making it a talking point about AI's impact on news businesses.

SmartNewsThe Japan Times

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Evidence

• SmartNews is planning an initial public offering in December at a fraction of its previous valuation, according to people familiar with the matter, a sign of the news aggregator's business being decimated by AI. https://www. japantimes.co.jp/business/2026… · thejapantimes · 2

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