JX Advanced Metals Corp. made a striking entrance on the Tokyo Stock Exchange, witnessing a 6% surge in its share price on Wednesday. The company's initial public offering (IPO) captivated investors, amassing a staggering 439 billion yen (around $2.9 billion). This remarkable achievement marks the largest IPO in Japan since the SoftBank Corp. transaction more than six years ago.
The recent initial public offering (IPO) of JX Advanced Metals Corp. has become one of the most noteworthy events on Japan's financial market. Expectations and interest in this offering were high, and the results exceeded all predictions, making it the largest IPO in the country since SoftBank Corp. went public in 2018.
Kioxia Holdings Corp. $285A.T, a leading Japanese chip manufacturer, has shown an impressive surge in its stock prices, rising by 19%. This is the highest increase since its debut on the Tokyo Stock Exchange in December 2024. The primary driver behind this leap was the company's announcement of a return to operational profitability over the past nine months, which brings optimistic forecasts for the future.