vice president: The listing follows this year largest IPO of Japanese messaging app provider Line, which was valued at ¥912.4 billion when it went public in July, according to The Japan Times. The debut of JR Kyushu stock above the IPO price has brightened investor sentiment, said Maki Sawada, vice president of investment research and investor services at Nomura Securities Co. Shares opened at ¥3,100 on the first section of the TSE, up 19.2 percent from the IPO price of ¥2,600, bringing the company value to ¥496 billion. The smooth debut shows the market is highly interested in the company. Prior to its IPO, JR Kyushu was owned by the Japan Railway Construction and Technology Agency, administered by the transport ministry. Created through the breakup and privatization of the national railway company in 1987, the company known as JR Kyushu is the fourth JR company to go public, following East Japan Railway Co., West Japan Railway Co. and Central Japan Railway Co.
(news.financializer.com). As
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