5 IPOs Scheduled in July
July 2, 2007
By Ken Worsley
Last July, we saw nine IPOs in Japan, but this year brings only five. Three will trade on the Hercules market at the Osaka Securities Exchange. One will be listed on Jasdaq and the fifth on the Fukuoka Stock Exchange’s Q-Board.
Chinese online game site operator Nineyou International is set to be the second mainland Chinese form to IPO in Japan, after Asia Media’s debut on the Tokyo Stock Exchange back in April. Nineyou is expected to raise something in the range of 20 billion yen by going public.
In June, the average IPO had opening prices over 80% higher than offering prices.
Tokyo Stock Exchange Chooses Lead Managers for IPO
June 8, 2007
By Ken Worsley
In an statement made today, the Tokyo Stock Exchange announced that Daiwa Securities group, Nomura Securities group and Morgan Stanley will be the co-lead managers for the TSE’s public offering of shares at the time of listing.
At a press conference this afternoon, TSE President Taizo Nishimuro told reporters, “The three companies are reliable partners who can sufficiently meet (needs for) offering shares on overseas markets…We selected the three companies by considering such factors as their past records as IPO lead-managers and the content of their research and analyses of stock exchanges.”
11 firms applied for the position. Nishimuro said that the TSE’s IPO will not come before December 2008, and news sources in Japan have been saying that it will most likely come in early 2009.
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October Economy Watchers
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