The number of small-scale IPOs in Japan fell to its lowest level in more than a decade this year as reforms in the Tokyo Stock Exchange prompted private companies to rethink whether to go public quickly. According to the data, there were 43 IPOs under 50 million US dollars in Japan this year, the lowest number since 2013. In contrast, the scale of IPO fundraising reached a seven-year high, highlighting several giant listing transactions such as JX Metals and SBI Shinsei Bank.

The number of small-scale IPOs in Japan fell to its lowest level in more than a decade this year as reforms in the Tokyo Stock Exchange prompted private companies to rethink whether to go public quickly. According to the data, there were 43 IPOs under 50 million US dollars in Japan this year, the lowest number since 2013. In contrast, the scale of IPO fundraising reached a seven-year high, highlighting several giant listing transactions such as JX Metals and SBI Shinsei Bank.