This year’s initial public offering in Japan has been somewhat bad.
According to Japan Exchange Group Inc., only eight of the 98 firms which went public began trading below their trading price last year. Around 23% of IPOs in 2014 started trading below their offer price. In 2016, 29% dropped below that level.
Willplus Holdings Co., which became the sixth of 21 IPOs this year, opened lower than its offer price on its public offering last week.
In 2000, IPOs in Japan hit a peak of 204 in the light of the information technology bubble. But it fell to 19 in 2009 following the global financial crisis.
The material has been provided by InstaForex Company – www.instaforex.com