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November 22, 2024
 

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IPO

Chipmaker Kioxia, formerly Toshiba Memory, is reportedly targeting a December IPO.
BUSINESS / Markets
Nov 21, 2024
Chipmaker Kioxia to receive market listing approval, sources say
Bain-backed Kioxia will have a market value of about ¥750 billion ($4.84 billion) based on the indicative price for its initial public offering.
NAND flash memory maker Kioxia plans to use a new method for listing in Japan that would fast-track its oft-delayed initial public offering. Both the price and size of the stake to be floated were undecided, according to a filing Friday.
BUSINESS / Tech
Nov 9, 2024
Kioxia files for long-delayed IPO as Samsung’s lead grows
The NAND flash memory maker plans to debut on the Tokyo Stock Exchange between this December and June next year.
The Tokyo Stock Exchange. Rigaku Holdings' shares fell on debut, even after the results of its offering suggested that investors still have an appetite for big Japanese stock deals in a busy primary market.
BUSINESS / Companies
Oct 25, 2024
Rigaku shares fall 10% in market debut after IPO priced at the top
Rigaku shares closed at ¥1,130 after the initial public offering had been priced at the top end of a ¥1,230 to ¥1,260 indicative range.
A monitor shows Tokyo Metro's opening price on Wednesday morning in Tokyo.
BUSINESS / Companies
Oct 23, 2024
Tokyo Metro shares surge in trading debut after strong IPO
Proceeds from the IPO will redeem reconstruction bonds issued after the 2011 earthquake, tsunami and nuclear disaster in northeastern Japan that killed 18,000 people.
Ticket vending machines at a Tokyo Metro subway station. Tokyo Metro's network connects with nine of the 10 busiest stations in the capital.
BUSINESS / Companies
Oct 22, 2024
Tokyo Metro might be too much railroad for some investors
With over 80% of its operating profit coming from carrying passengers on trains, critics are concerned about its nonrailway business.
An electric stock board at the Tokyo Stock Exchange, operated by Japan Exchange Group, in Tokyo on April 19
BUSINESS / Markets
Oct 21, 2024
Asian IPOs set for blockbuster week as ‘animal spirits’ return
Asian markets are seeing a return of "animal spirits," or changes in market behavior often driven by emotions.
Tourists watch the sunset from the beach in Seminyak, Bali, Indonesia. An IPO by Holywings Group, owner of the luxurious three-hectare Atlas Beach Club in Bali, would add to as many as 95 companies planning to list in Southeast Asia’s biggest stock market, according to data from the Financial Services Authority.
BUSINESS / Companies
Oct 17, 2024
Owner of Bali’s biggest luxury beach club considering IPO to expand across Asia
The IPO would add to as many as 95 companies planning to list in Southeast Asia’s biggest stock market, according to data from the Financial Services Authority.
Tokyo Metro priced its shares at ¥1,200 apiece. It is expected to list on the Tokyo Stock Exchange on Oct. 23.
BUSINESS / Companies
Oct 15, 2024
Tokyo Metro raises $2.3 bln in Japan's biggest IPO in 6 years
The subway operator priced its shares at the top of its provisional range of ¥1,100 to ¥1,200, a regulatory filing from the company showed on Tuesday.
Kioxia has undergone years of upheaval and the attempt to list the company is closely watched as a test case for buyout firms in Japan where more companies are selling non-core assets or going private.
BUSINESS / Companies
Oct 14, 2024
Bain sought $10 billion valuation for Japan's Kioxia, but investors only wanted to pay half
The valuation gap complicates the buyout firm's effort to exit its six-year-old investment in Kioxia.
Infcurion offers technology powering a range of payments services such as digital wallets and credit cards.
BUSINESS / Companies
Oct 11, 2024
Japanese payments company Infcurion says planning IPO in 2025
Infcurion, founded in 2006, offers technology powering a range of payments services such as digital wallets and credit cards.
Tokyo Metro is seeking to raise at least ¥319.6 billion at a time when the nation’s equity market is showing signs of recovery.
BUSINESS / Companies
Oct 8, 2024
Tokyo Metro unveils range for biggest Japan IPO since 2018
The price range of ¥1,100 to ¥1,200 values the subway operator at between ¥639.1 billion and ¥697.2 billion.
Kioxia Holdings was reportedly planning an initial public offering in October valuing it at $10 billion.
BUSINESS / Companies
Sep 25, 2024
Kioxia reportedly pulls IPO as AI winter looms
The IPO delay comes as the chip business globally faces a number of challenges related to possible overcapacity in some products.
Kioxia has scrapped its plan for an initial public offering in October, sources have said.
BUSINESS / Companies
Sep 24, 2024
Chipmaker Kioxia scraps IPO planned for October after market sell-off
Shares in peers Samsung Electronics, SK Hynix and Micron Technology are currently around a third lower than recent highs.
Subway operator Tokyo Metro said that its initial public offering was aiming to raise around ¥319.6 billion.
BUSINESS / Markets
Sep 24, 2024
Larger IPOs set to test dominance of smaller listings in Japan
New listings look to be gaining momentum as the Nikkei 225 Stock Average has rebounded more than 20% from this year’s intraday low on Aug. 5.
Tokyo Metro will aim to raise $2.25 billion — making it the largest IPO in Japan for six years.
BUSINESS / Companies
Sep 20, 2024
Tokyo Metro and Rigaku set stage for $3 billion Japan IPOs as listings gather pace
Tokyo Metro's indicative price of ¥1,100 per share would raise ¥319.55 billion ($2.25 billion), giving the company a market value of ¥639.1 billion.
Tokyo Metro is expected to announce on Friday details of its initial public offering, with sources saying the firm is considering introducing shareholder benefits.
BUSINESS / Companies
Sep 18, 2024
Tokyo Metro considers a shareholder benefits program
The subway operator is expected to announce details of its IPO on Friday, which may value the company around ¥700 billion ($5 billion).
Subway operator Tokyo Metro may raise as much as ¥350 billion as early as October, which will boost the amount of money raised in Japan’s stock market this year.
BUSINESS / Markets
Aug 27, 2024
Jumbo listings set to boost Japan’s market as sentiment recovers
Two jumbo initial public offerings may roughly triple the amount of money raised in Japan’s stock market this year as sentiment bounces back from this month’s selloff.
The central and Tokyo governments, which own 100% of Tokyo Metro, expect to receive approval for the firm's listing from the Tokyo Stock Exchange as soon as mid-September, sources said.
BUSINESS / Companies
Aug 19, 2024
$4.7 billion valuation for Tokyo Metro targeted in IPO, sources say
Tokyo Metro could have Japan's biggest initial public offering in roughly six years.
The listing ceremony of Ola Electric Mobility at the National Stock Exchange in Mumbai, India, on Aug. 9
BUSINESS / Companies
Aug 19, 2024
Mumbai debuts deliver for SoftBank after market retreat from AI trims gains
Three firms backed by SoftBank have made solid debuts in the past week, in a positive sign after the Vision Fund fell to a loss of ¥204.3 billion in the June quarter.
The Kirin Holdings logo. B9 Beverages — backed by Kirin — is building a new brewing facility in the north Indian state of Uttar Pradesh, which, once completed, will become India’s biggest beer factory.
BUSINESS / Companies
Aug 10, 2024
Kirin-backed Indian brewer seeks more clout with new factory
B9 Beverages is building a new brewing facility in the Indian state of Uttar Pradesh, which, once completed, will become India’s biggest beer factory.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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