Shares in human resources firm Visional Inc. have surged on its first day of trading on the Tokyo Stock Exchange’s Mothers market, in Japan’s biggest new listing in more than two years.
The operator of Bizreach, one of the country’s most popular recruiting platforms for professionals, Visional rose as much as 50% above its ¥5,000 IPO price, which was the top of the indicated range.
"It’s a very well-known name and there’s anticipation that it’s finally listing,” said Katsumi Udagawa, manager of research at Ichiyoshi Securities Co. "As there’s likely to be a shortage of highly-skilled professionals when activity resumes after the pandemic subsides, it’s also a good theme for investors.”
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