IPOs in Japan Haven’t Been This Hot Since the Dot-Com Bubble

  • New share opening gains averaged 130% in 2020, most since 1999
  • AI stock surged 1,000%, image-recognition issue climbed 800%
Photographer: Kiyoshi Ota/Bloomberg
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In a surprisingly strong year for initial public offerings globally, Japan’s 2020 market debutantes enjoyed their best opening share performances since the dot-com bubble era, helped by a groundswell of retail investors hungry for tech issues.