Cosmetic and training-device maker MTG surges in Tokyo market debut

Shares of startup known for its Sixpad gear jump over 30% at IPO

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One of MTG's most successful brands is Sixpad abdominal muscle-training gear, developed with soccer star Cristiano Ronaldo. 

MASAYUKI YUDA, Nikkei staff writer

TOKYO -- Japanese health and cosmetic device developer MTG went public on the Tokyo Stock Exchange on Tuesday, with investors cheering the debut in what has been described as one of Japan's few unicorns.

MTG's stock rose as high as 7,580 yen during the morning session, 31% above its initial public offering price of 5,800 yen after opening up 22%.

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