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JX Advanced Metals Sees Changes in Parent Company Status
The initial price of the IPO for JX Metal is 843 yen, which is 2.8% higher than the public offering price.
On the 19th, JX Metal, which newly listed on the Tokyo Main Board <5016.T>, opened at 843 yen, exceeding the public offering price of 820 yen by 2.8%. It is a 100% subsidiary of ENEOS Holdings <5020.T> and is essentially a relisting project of Shin Nihon Kogyo Holdings. It attracted attention as a large project with an absorption amount of 460 billion yen. The number of shares offered was 534,934,100 shares. Provided by Wealth Advisor Co.
IPO = JX Metal is in the buy indication, with a net buy order of 17 million shares.
On the 19th, JX Metal, which newly listed on the Tokyo Stock Exchange Main Board <5016.T>, started with a buy indication. At the opening phase, there are 17 million shares of buy orders at the same price as the public offering of 820 yen. It is a 100% subsidiary of ENEOS Holdings <5020.T> and essentially a relisting case of Shin Nippon Mining Holdings. With a Market Cap of 800 billion yen and a scale of 460 billion yen for fundraising, it is attracting attention. The number of shares offered is 534,934,100 shares. Provided by WealthAd.
ENEOS Holdings: Extraordinary Report
ENEOS Holdings' Affiliate JX Advanced Metals Lists on Tokyo Stock Exchange
Reading the initial price: JX Metal Financial Estimates 800 yen.
On the 19th, JX Metals <5106.T>, which will newly list on the Tokyo Stock Exchange Main Board (Nonferrous Metals), is expected to have its initial price fall 2.4% below the public offering price of 820 yen to 800 yen (with a projected PER of 13.7 times for the current fiscal year). It is a 100% subsidiary of ENEOS Holdings <5020.T> and is essentially a relisting case for Shin Nihon Mining Holdings. The Market Cap is 800 billion yen, and it is a large project with an absorption amount of 460 billion yen, gaining attention; however, there is a strong sense of overpricing at the public offering price, making it difficult to participate in initial price buying.
