2006 Japan IPO Statistics

January 20, 2007
By Ken Worsley

On his From the inside, looking in blog, Shin Fukushige has published some statistics on IPOs in Japan in 2006. Here’s what he found:

Total number of IPOs: 188
20 failed to post initial prices above the subscription price
36 companies (or perhaps 37, depending on how eBASE does. The company listed on Dec 26th but has yet to trade in two days, buys outnumbering sells by approximately 30:1, and looks like the initial trades will occur at a level of PER>100) posted opening prices which translated to an initial price trailing PER >100
Highest initial price PER was Drecom (Feb 9th), at 953.94
8 companies had initial price trailing PER<10, and a further 2 companies were loss-making for the most recent financial reporting period

Shin says that he’ll have more stats for us when he gets some time, so keep your eyes on his blog…