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IPO strategy: The rush of listings has started, JX Metal is worried.
Five companies are scheduled to go public this week. The IPO rush in late March is about to Start. <Concerns remain about the lineup> The highlight is JX Metals <5016.T> (Main Board, Nonferrous Metals), a large project with a Market Cap of 800 billion yen and an absorption amount of 460 billion yen, which will be the biggest IPO of the year. It is a wholly-owned subsidiary of ENEOS Holdings <5020.T>, effectively a re-listing of Shin Nihon Kosan Holdings. There are concerns about the high public offering price, increasing the risk of participation.
Stocks News Premium = <IPO> Mirairo: Launching Mirairo ID Solutions ETC.
Mirairo <335A.T> (Growth) will be listed on the Growth Market on March 24. It offers three services: Mirairo ID solution, Universal Corp Manners training and certification, and Communications Resistance. "Mirairo ID" is a digital disability certificate smartphone application. After the user registers personal information and an image of the disability certificate, the company verifies the registered information visually to authenticate it, allowing confirmation of the disability certificate using only a Smart Phone.
Reading Books: Mirairo
The "Bullish" (book period: March 6-12) preliminary conditions for Mirairo (Growth, Communications) have been set at 225-270 yen. The upper limit of the projected PER for this September is 22.5 times. The company handles digital disability identification cards. Major companies are lined up as Shareholders, developing a socially significant Business. It is also an unusual venture run by people with disabilities, likely to attract investors' attention. The amount to be raised from the market is around 700 million yen. The book is classified as "Bullish". (Kenta Koizumi)
IPO strategy: 12 stocks are set to go public in March.
Concentrated in the nine business days of the second half of the month. The IPOs (new listings) for March have been completed, totaling twelve listings this year. Although it is a time when IPOs typically increase at the end of the fiscal year, this year is less than usual, and they are concentrated in the nine business days after the 18th. This week and next week will be a blank period with no IPOs. The largest IPO is from JX Nippon Mining & Metals <5016.T> (Main Board, Nonferrous Metals) with a raised amount of 460 billion yen and a Market Cap of 860 billion yen. Although it is a relisting project of Shin Nihon Kogyo Holdings, it is fully owned by the parent company.
<IPO stock profile> Mirairo
On the 17th, the Tokyo Stock Exchange approved the IPO (initial public offering) of Mirairo. Company name: Mirairo <335A.T> Scheduled listing date: March 24 Listing market: Growth Business content: Planning, design, development, and provision of the digital disability certificate "Mirairo ID", training on Universal Design, research & consulting, sign language interpretation dispatch, remote interpretation, etc., providing information support and sign language courses. Bookbuilding period: March 6 to 12 Lead underwriter: SMBC Nikko Securities, original underwriter.