IPOs in Japan Almost Flat in Jan.-June

Economy

Tokyo, July 3 (Jiji Press)--The number of initial public offerings in Japan was nearly flat at 41 in the first half of 2019, up one from a year before, Japan Exchange Group Inc. <8697>, or JPX, said Tuesday.

The total amount of money raised by the IPOs decreased by more than half to 101.38 billion yen from 260.26 billion yen.

"Stock listings were active, mainly on the Mothers market," Hidetoshi Nagata, an official at JPX's Tokyo Stock Exchange said, referring to the TSE's market for startups.

"But there were no IPOs valued at 100 billion yen or more," Nagata said.

IPOs on the Mothers market totaled 27, or about 60 pct of the total. They included an IPO by Sansan Inc. <4443>, a business card management service firm.

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Jiji Press