The Boxing Day debut of Optimus Group on the second section of the Tokyo Stock Exchange marked the year’s final IPO.
The used-car exporter opened at 2,001 yen, 11 per cent above its offering price, and ended the day at 2,325 yen.
Today’s outlook shows that shares had risen to 2825 yen. The price of 2,825 yen equals a price of 35.27 NZD at the current exchange rate for JPY/NZD.
“We’re committed to meeting the market’s expectations and growing our profits,” President Nobuya Yamanaka said to Nikkei, regarding the listing earlier this week.