No Data
The trading of major stocks may decrease, leading short-term funds to flow towards IPOs.
■ Since March 27 is the last day to hold rights for Dividends and benefits, interest is expected to turn towards Large Cap stocks in the Main Board, which may lead to a decrease in trading of key stocks in the Emerging Markets. On the other hand, the Growth Market 250 Index is clearly above the 25-day moving average, despite facing resistance at higher levels. It appears that a situation can be expected where attention is focused on the recent high of 693.92 points (February 13).
Stock news premium = <IPO> Progress: Developing digital solutions ETC for major manufacturing industries.
Progress Technologies Group <339A.T> (Growth) will be listed on the Tokyo Stock Exchange Growth Market on March 28. It provides digital solutions and digital engineering services for major manufacturing industries. The company is a holding company, and the actual business is conducted by two consolidated subsidiaries (Progress Technologies and S&VL). The main business company, Progress Technologies, addresses the challenges in the design and development sites of manufacturers as part of its solution business.
How to read the book: Progress Technology Group "Slightly Bullish" (Book period: March 12-17)
The preliminary conditions for Progress Technologies Group <339A.T> (Growth, Services) have been set at 1,890 to 1,950 yen. The upper limit projected PER for the fiscal year ending in February 2026 is 14.3 times. The company provides digital solutions and digital engineering services for major manufacturing industries. It operates a STAR consultancy and a DX (Digital Transformation) Business, and its recent performance shows high growth with significant revenue scale. The amount to be absorbed is approximately 8 billion yen.
<IPO Stock Profile> Progress Technologies Group
On the 21st, the Tokyo Stock Exchange approved the IPO (Initial Public Offering) of Progress Technologies Group. Company Name: Progress Technologies Group <339A.T> Scheduled Listing Date: March 28 Listing Market: Growth Business Description: Providing digital solutions and digital engineering services for major manufacturers Book Building Period: From March 12 to 17 Lead Underwriter: Nomura Securities Participating Underwriters: Nomura Securities, Mitsubishi UFJ Morgan Stanley.