Reported about 11 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