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Stocks

Japan wraps up second-busiest IPO year in a decade

But total fundraising down from 2016 amid lack of big-name debuts

SG Holdings, parent of logistics company Sagawa Express, was Japan's largest initial public offering in 2017.

TOKYO -- Japan's initial public offerings in 2017 featured a large number of small players across a broad range of sectors, supported by an influx of capital from bullish retail investors.

The Tuesday debut of Optimus Group on the second section of the Tokyo Stock Exchange marked the year's final IPO. The used-car exporter opened at 2,001 yen, 11% above its offering price, and ended the day at 2,325 yen.

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