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The Nikkei Average starts up 131 points, with Kawasaki Heavy Industries and SoftBank Group among those rising.
[Nikkei Stock Average and TOPIX (Table)] Nikkei Average; 39168.52; +131.67 TOPIX; 2730.96; +3.70 [Opening Overview] On the 25th, the Nikkei Average opened with a rebound of 131.67 yen at 39168.52 yen. The US stock market continued to rise on the previous day, the 24th. The Dow Inc rose by 390.08 dollars to 43297.03 dollars, and the Nasdaq closed up 266.24 points at 20031.13. Caution over rising long-term interest rates led to a situation after the market opening.
【IPOs】MIC---The initial price is 960 yen (offering price 960 yen).
The initial price of MIC<300A> was set at the same as the public offering price of 960 yen. The Volume during the initial price formation was 0.22 million 8,500 shares.
MIC---Initial Financial Estimates Consensus
Today, MIC <300A>, which provides comprehensive support services in retail promotion (business improvement consulting, printing/manufacturing of promotional materials, fulfillment, system development, BPO, creative design, field Resistance, etc.), will be listed on the Tokyo Stock Exchange Standard Market. The market consensus for the initial price estimate is approximately 1600 yen against the public offering price of 960 yen.
Emerging Markets outlook: Attention may turn towards lightly traded ultra-low-priced stocks and biotech-related stocks.
■ Emerging Markets outside of the investment radar. This week, Emerging Markets declined. During the same period, while the Nikkei average dropped by -1.95%, the Growth Market Index fell by -2.67% and the Growth Market 250 Index decreased by -3.09%, indicating that Emerging Markets were relatively weak. As attention turns to the central bank meetings in Japan and the US, reports of Nissan <7201> and Honda <7267> beginning discussions on a management integration have led to speculation surrounding Main Board auto stocks and Auto Parts suppliers, leaving Emerging Markets outside of active investment consideration.
MIC Co. Sets Price Range for Tokyo IPO
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