TOKYO -- A rush of initial public offerings in Japan is losing steam, with over 70% of the newly listed companies falling below their opening prices as investors begin to lose faith in the stock market's sustainability amid the country's struggles against the coronavirus
Markets
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Of 11 companies that have listed on the Tokyo Stock Exchange's Mothers and JASDAQ markets since mid-June, share prices for eight have declined to levels below their opening price. (Photo by Rie Ishii)
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