Reported about 19 hours ago
JX Advanced Metals Corp. has reduced the price of its IPO to ¥439 billion ($2.9 billion), raising concerns about declining demand for IPOs following a strong previous year. Shares are now priced between ¥810 and ¥820, reflecting a 6% decrease from earlier estimates. This development could negatively impact other Japanese companies looking to go public, especially as JX Metals' offering is the largest since 2018. Analysts suggest that investor caution is growing amid uncertainties in the semiconductor market and overall economic conditions.
Source: YAHOO