TOKYO -- Initial public offerings on the Tokyo Stock Exchange's startup-focused Growth market dropped roughly 70% on the year in the six months to September ahead of tougher requirements meant to make it more competitive.
Tokyo bourse aims to weed out small listings to draw more global money
Japan Exchange Group is raising the standards for companies to stay listed on the Tokyo Stock Exchange's Growth market. © Reuters
TOKYO -- Initial public offerings on the Tokyo Stock Exchange's startup-focused Growth market dropped roughly 70% on the year in the six months to September ahead of tougher requirements meant to make it more competitive.