2008 Japanese IPOs December 4, 2008Posted by fukumimi in Economy & Business, Japan.
Back in February I posted about predictions for the number of IPOs we’ll see this year. Market consensus (based on a Nikkei poll of market “experts”) was 100-120 IPOs.
The actual number we will see through end of December is 49. 41 IPOs (including one today) so far this year, and 8 more lined up for December (including Gree, the #2 SNS (after Mixi) in Japan).
The end of year IPO window closure that was being touted failed to materialize, which is fortunate because if Nov/Dec were not available we would have been down to 36.
If we look at FY08, through 3 quarters we will have had 28 IPOs, with Q4(Jan-Mar) being a shortened quarter as IPOs in Jan are as rare as hens’ teeth.
This is my first post in months, hope to resume regular blogging soon. Hopefully not dwelling too much on the financial turmoil and my doom and gloom predictions for next year….