Gree and Paperboy stocks trade much above IPO prices
Gree (TSE:3632) and Paperboy (JASDAQ:3633) went public on December 17th and 19th respectively as we reported before.
Gree’s IPO price is 3,300yen ($33) per share. On 17th, Gree stock opened with 5,000yen ($50), and closed with 4,800yen ($48). Its market capitalization, 107 billion yen ($1B), is larger than Mixi (TSE:2121).
Gree issued 1.2 million new shares and raised 3.96 billion yen ($39M), and existing share holders sold 2.83 million shares with 9.339 billion yen ($93M).
Paperboy’s IPO price is 1,900yen ($19). On 19th, its stock price doubled IPO price with 4,000yen ($40) initial opening price. Its market capitalization is much smaller 5 billion yen ($50M).
See Also:
* Japan networking site stock soars 45 pct in debut | Reuters
Author Information Shunichi Arai is developing a product for his new stealth startup. Arai devotes his life to software business, reading, and salsa dancing. Arai also loves to learn other cultures and languages such as Korean. One Response to “Gree and Paperboy stocks trade much above IPO prices”
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