IPOs Rise For 5th Straight Year in Japan

Reflecting the stock market recovery, the number of initial public offerings in Japan will increase for the fifth straight year to 77 in 2014, up from 54 last year, data compiled by the Tokyo Stock Exchange showed Saturday.

That is the most since 121 companies went public in 2007, and market experts say a continued increase is expected in 2015.

To make it possible to compare annual figures, the numbers do not include new listings on the Tokyo PRO Market for professional investors.

Information technology firms accounted for the largest portion of the IPOs this year. But some of the biggest IPOs involved companies in other industries, such as media and human resources firm Recruit Holdings Co. and railway and hotel operator Seibu Holdings Inc.

Of the total, about 70 percent of the new listings this year were of companies based in Tokyo. There are hopes next year will see more IPOs involving companies from elsewhere around Japan.

New listings in 2015 will likely reach “around 100” in 2015, Nomura Securities Co.’s deputy manager of equities underwriting Keiji Kuramoto said.

Major IPOs expected next year include the listing of Japan Post Holdings Co. owned by the government.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza