No Data
Initial price reading: Papanets Financial Estimates: 700 yen.
On the 21st, the initial price of Papanetts <9388.T> (Q Board, Service), which will be newly listed on the Fukuoka Stock Exchange Q Board, is expected to be 700 yen, the same as the public offering price (with a projected PER of 5.2 times for the fiscal year ending February 2025). The company is developing a Property Service business. It will be a slide IPO (new listing) from the Tokyo PRO Market. Conditions that are unlikely to attract investor interest have come together, and the price range has been significantly lowered from the assumed issue price of 960 yen to a provisional range of 700-740 yen.
IPO strategy: The rush of listings has started, JX Metal is worried.
Five companies are scheduled to go public this week. The IPO rush in late March is about to Start. <Concerns remain about the lineup> The highlight is JX Metals <5016.T> (Main Board, Nonferrous Metals), a large project with a Market Cap of 800 billion yen and an absorption amount of 460 billion yen, which will be the biggest IPO of the year. It is a wholly-owned subsidiary of ENEOS Holdings <5020.T>, effectively a re-listing of Shin Nihon Kosan Holdings. There are concerns about the high public offering price, increasing the risk of participation.
This year, there will be an attempt to rebound from the lower price range.
■ Investor sentiment has significantly improved. This week's Emerging Markets are likely to continue gaining as they are less influenced by external factors. The rebound of the Growth Market 250 Index just before this year's lowest point can also be seen as a positive factor. If it rises above the 664 points where the 25-day moving average is located, the rebound seems likely to strengthen. Trading volumes have also been increasing daily around 200 billion yen, indicating that investor sentiment is greatly improving. This week, the Growth Market's ...
Stock News Premium = <IPO> Papadnets: A management company engaged in Resistance business, ETC.
Papa Nets <9388.FU> (Q Board) (Service) will be listed on the Fukuoka Stock Exchange Q Board market on March 21. The company develops Property Service and interior total support businesses. Although the company is listed on the Tokyo Pro Market, it will be (Delisted) from the Tokyo Pro Market on March 20 in conjunction with the listing on the Fukuoka Stock Exchange Q Board. In the Property Service business, support is provided to property management companies. The rental operations of property management companies include Brokerage, customer response and contracts, tenant response, and building.
How to read the book: Papanezu "Hold" (Book period: March 5 - 11)
The tentative price range for Papagenets <9388.T> (Q Board, Service) has been set at 700-740 yen. The upper limit of the estimated PER for the fiscal year ending February 2025 is 5.9 times. It operates in the Property Service business. There is low investor interest due to the slide IPO (initial public offering) from the Tokyo PRO Market to the Fukuoka Q Board. The tentative price significantly below the expected issuance price has strengthened the image of being STAR. The amount to be raised from the market is about 170 million yen, but this also applies to local emerging markets.
<IPO stocks profile> Paptnets
On the 17th, the Fukuoka Securities Exchange approved the IPO (initial public offering) of Papanez. Company name: Papanez <9388.FU> Scheduled listing date: March 21 Listing market: Q Board Business activities: Property Service such as scheduled property inspection services, and total support services for interior, including national two-person delivery network services. Bookbuilding period: from March 5 to March 11 Lead Underwriter: Philip Securities Participating securities firms: Philip Securities, Matsui Securities, and SBI Securities.