JX Metals Makes Strong Debut in Japan’s Largest IPO Since SoftBank

Reported about 10 hours ago

JX Advanced Metals Corp. surged 6.6% in its debut on the Tokyo Stock Exchange after raising ¥439 billion ($2.9 billion) in Japan's largest IPO since SoftBank's in 2018. The stock closed at ¥874, surpassing its IPO price of ¥820. The positive reception reflects investor sentiment amidst a struggling stock market, potentially benefiting other local IPOs. JX focuses on semiconductor materials and aims to capitalize on the demand for AI technology.

Source: YAHOO

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