Japan posts longest streak of first-day IPO flops since 2020
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Japan's IPO market is experiencing its longest streak of first-day flops since 2020, with several companies, including J-Pharma and Basic, seeing significant drops in their stock prices. This trend reflects shaken investor sentiment due to the ongoing war in Iran, leading to a technical correction in Japanese stocks. The number of IPOs has also decreased, with only seven deals priced this year, the lowest since 2011. Portfolio managers are becoming more cautious, opting for secondary market investments instead of new listings.
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Source: Businesstimes News The copyright of this article belongs to the original author/organization.
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