Apr 22, 2021
Shares in human resources firm Visional Inc. have surged on its first day of trading on the Tokyo Stock Exchange’s Mothers market, in Japan’s biggest new listing in more than two years.
The operator of Bizreach, one of the country’s most popular recruiting platforms for professionals, Visional rose as much as 50% above its ¥5,000 IPO price, which was the top of the indicated range.
“It’s a very well-known name and there’s anticipation that it’s finally listing,” said Katsumi Udagawa, manager of research at Ichiyoshi Securities Co. “As there’s likely to be a shortage of highly-skilled professionals when activity resumes after the pandemic subsides, it’s also a good theme for investors.”
Job Site Operator Visional Lists in Top Japan IPO Since SoftBank
Toshiro Hasegawa and Gearoid Reidy, Bloomberg News Pedestrians cross a road in front of the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Oct. 29, 2020. Japanese stocks pared losses after the Bank of Japanâs policy decision and as U.S. futures bounced back following a global equity rout. Photographer: Kiyoshi Ota/Bloomberg , Bloomberg
(Bloomberg) Japan is set for its biggest new listing in more than two years as human resources firm Visional Inc. starts trading on the Tokyo Stock Exchangeâs Mothers market on Thursday.
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