Japan Tweaks IPO Rules as Cancellations Peak
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Japan’s IPO market is another victim of the coronavirus: Companies are canceling their listing plans like never before, and exchanges are doing their best to help.
As market swings surged and the Topix index plunged, seven initial public offerings got withdrawn in March, according to data compiled by Bloomberg. Among them is that of fitness-club operator Fast Fitness Japan Inc., which cited the virus-induced volatility as a reason for backing off.