Nasdaq Japan off and running (almost

- the entry point to Asian business.

Main

Front Page
News Overview
By Release Time
By Subject
About BizAsia
Stock Markets
Terms of Use

You & BizAsia

Hot Topics Forum
Mailing list
Mail a friend
Privacy Policy

Investment	2000-05-08 13:15:00-04
Nasdaq Japan off and running (almost
New exchange aimed at high-tech Japanese start-ups to start operating June 19, attracts nine firms

A new Japanese stock exchange backed by the US National Association of Securities Dealers (Nasdaq) and Japanese Internet investor, Softbank, has already attracted listings prior to its June 19 kickoff. Established as a new section of the Osaka Securities Exchange, nine firms swiftly applied to list. They were: discount store operator Don Quijote Co Ltd, Internet service provider Masternet Co Ltd, software game wholesaler Digicube Co Ltd and regional Honda dealer Honda Verno Tokai Co Ltd. These firms have already gone public. Five unlisted firms also applied: Morningstar Japan KK, an investment trust analyst and part of Softbank, Xnet Corp, Tokyo-based corporate computer system provider, Creek and River Co Ltd, a job agency for creators of visual content headquartered in Tokyo, Sugi Pharmacy Co Ltd, central Japanese drug store chain and Digital Design Co Ltd, computer software developer. When the new Nasdaq exchange announced plans last June to establish a Japanese market, the news electrified the Japanese investment community. The Tokyo Stock Exchange, in what many observers termed a preemptive strike, rapidly set up a new market for venture companies last December. Eight new companies have listed on the Mothers exchange, but about half of those on the Mothers board are trading below their their initial issue price The debut of Nasdaq Japan will intensify competition amongst Japanese exchanges. The key will be how many of the major high techs move to the Nasdaq exchange. Yahoo Japan Corp, already owned 51% by Softbank, said it was considering moving from the OTC to Nasdaq Japan.

Most Recent 'Investment' Pages

2007-01-22 06:45:32-05  Foreign investors less attentive to Thai property market
2006-11-23 21:08:38-05  Burma demands more time for repayment of loan
2006-10-16 13:07:19-04  Government planning Suvarnabhumi Airport expansion
2001-05-07 17:15:00-04  North Korea ready for Foreign Investment
2000-08-04 00:12:00-04  Ban on Foreign IT Investment in Indonesia
2000-06-06 14:21:00-04  Singapore, Australia Exchanges to develop Electronic Link
2000-05-08 13:15:00-04  Nasdaq Japan off and running (almost
2000-04-04 06:27:00-04  Theme Park set for Shanghai
2000-03-27 18:51:00-05  Infonet to expand Asia Pacific Investment
2000-03-10 01:19:00-05  HSBC issues Investment Outlook
2000-03-07 23:06:00-05  Report: Malaysia may extend Foreign Investment Policy
2000-03-05 20:53:00-05  Singapore Exchange announces new Regs