(Dec 9): Initial public offerings in Japan in 2025 raised the most capital in seven years as companies like JX Advanced Metals Corp and SBI Shinsei Bank Ltd sold shares in billion-dollar deals, underscoring a boom in Asia’s equity markets.
The amount raised reached ¥1.2 trillion, the highest volume since 2018, according to Bloomberg-compiled data. Demand for some deals, including celebrity designer Nigo-backed Human Made and Okinawan beer-maker Orion Breweries Ltd, was more than 60 times oversubscribed.
Japan is part of a wave of blockbuster IPOs sweeping Asia. India saw record proceeds as companies rushed to monetise investor demand for new shares while Hong Kong’s IPO proceeds are on track to reach their highest since 2021.
Investor demand for Japanese stocks also looks solid as the country’s benchmark Topix Index rose to another record this year, boosted by the end of decades-long deflation and pushes from the government and the Tokyo bourse for better corporate governance.
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