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Equities

Japanese IPOs set for high water mark this year

IT and service sectors lead charge toward post-crisis peak

The number of IPOs on the Tokyo Stock Exchange has been trending upward in recent years.

TOKYO -- The number of initial public offerings in Japan is on pace to hit a post-financial crisis high this year as many young companies bank on the publicity of a listing to attract hard-to-find workers.

Around 90 to 100 companies will go public in 2018, Nomura Securities estimates, reflecting a general consensus among the top four lead underwriters that handle more than 70% of new listings. Daiwa Securities, Mizuho Securities and SMBC Nikko Securities round out the group.

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