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Japan to End Longest IPO Drought Since 2009 With Three Listings

  • Locoguide, Ficha and Copa will list June 24 on Mothers
  • Locoguide looks to raise $44 million, expects 48% profit rise
Final Trading Day Before Super Golden Week Holiday
Photographer: Keith Bedford/Bloomberg

Japan’s longest drought in initial public offerings since the financial crisis will end later this month when three companies list on the same day.

Locoguide Inc., Ficha Inc. and Copa Corp. are expected to list on the bourse’s Mothers market on June 24, marking a 78 day gap since Matsuya R&D Co. went public on April 6. Locoguide seeks to raise about $44 million, the largest of the three deals. Three more Japanese companies plan to list before the end of June, and five have announced IPOs for July so far.