Japan’s Mercari Tops Mothers Market in Strong Stock Exchange Debut

Flea-market app Mercari made its debut on the Tokyo Stock Exchange Mothers market on June 19, surging 77% to close the day’s trading at ¥5,300 per share. Its market capitalization at the end of its first day totaled ¥717.2 billion, overtaking smartphone gaming firm Mixi to top the Mothers market for start-up companies.

Mercari President Koizumi Fumiaki (front row, third from right), Chairman Yamada Shintarō (front row, third from left), and others at a ceremony marking the company’s debut on the Tokyo Stock Exchange Mothers market in Tokyo on June 19, 2018. (© Jiji)