KOMPEITO set its initial listing price at ¥1,480, 7.5% below the ¥1,600 offer price. The company operates installed healthy workplace cafeteria services, and 4,817,500 shares were offered to the public.
KOMPEITO opened at ¥1,480, below its ¥1,600 offer price. The initial trading level was 7.5% below the offer price as the stock began trading on its first day. The number of shares was announced as 4,817,500.
The company operates installed healthy workplace cafeteria services. While strong growth is expected in its recent performance, market commentary indicates that the amount absorbed by the market was substantial, partly because the total offering amounted to ¥7.7 billion.
The information was provided by Wealth Advisor Co., Ltd., and the article also presents figures including the initial price and the size of the public offering.