This year, a wide variety of companies have gone public.
Seibu Holdings Inc. returned to the TSE’s First Section a decade after it was delisted, while Hitachi Maxell, Ltd. relisted on the section for the first time in four years. Cyberdyne Inc., a manufacturer of nursing care robot suits, made its stock debut, with its president retaining shares with 10 times the voting power of common shares. In addition, U.S. biotechnology venture Acucela Inc. became the first foreign company to be listed in Japan over the past six years.
The 225-issue Nikkei Stock Average has recovered to the 15,000 level as investor appetite for stocks remains strong. This trend has provided an opportunity for newly listed companies to raise funds. In the August-December period of this year, about 40 more companies are likely to list in Japan.
“The annual number of companies [that launched IPOs this year in Japan] is expected to total about 70,” a TSE official said.
If that figure is achieved, the nation’s IPOs will hit the highest level since 121 companies went public in 2007.
via Japan News
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