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Japan IPOs fall to 15-year low with no rapid rebound in sight

Tokyo’s surging stocks fail to jump-start lacklustre listings market in first half of this year

The number of initial public offerings in Japan fell to a 15-year low in the first six months of the year, a situation that is unlikely to improve in the short term due to a lack of start-ups that can quickly come to market, analysts have said.

A record increase in Japanese stocks, with the Nikkei 225 up about a third this year, has not been enough to jump-start Tokyo’s moribund market for listings.

This month’s debut of ride-hailing app Go that raised ¥89bn ($550mn) only underlined the dearth of other companies willing or able to go public in the past six months.

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