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Japanese IPOs Struggle to Gain Ground

  • 6 of 21 companies this year opened below their offer price
  • For the whole of 2015, just 8 started trading below that level
Updated on

As starts go for Japan’s initial public offering market, this year’s has been pretty bad.

When Willplus Holdings Co., a car dealer, opened below its offer price on its debut last week, it became the sixth of 21 IPOs to do so this year. In the rush of initial share sales in 2015 that saw 98 companies go public, the most since 2007, just 8 started trading below their IPO price, according to bourse operator Japan Exchange Group Inc.