Nasdaq Attracts Record Number of Japanese Startups Seeking IPOs
- Five have debuted on the Nasdaq this year, and more are coming
- Chinese IPOs in the US have dwindled on geopolitical tensions
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Dozens of Japanese startups are preparing to list on Nasdaq in the next few years as an unprecedented number of entrepreneurs turn away from an aging, risk-averse home market.
Around seven Japanese companies are due to list on the exchange in the next several months, following five such listings since the start of the year, according to regulatory filings. About ten to 20 more plan to list next year, said bankers and entrepreneurs recently interviewed by Bloomberg. Only a handful of Japanese firms were traded on Nasdaq before a flurry of listings began this year.