The demand for IPOs remains strong, with 120 new companies listing on Tokyo Stock Exchange (TSE) in 2023, the second highest number in 10 years.
The ratio of newly listed companies from regions outside Tokyo increased to approximately 40%, and the number of large-scale listings with initial market capitalizations exceeding JPY 100 billion was 6. This is a significant increase, with 3 cases more than the previous year.
The specified investor-oriented TOKYO PRO Market also reached a record number for the seventh consecutive year with 32 newly listed companies. The use of TSE markets is expanding.
TSE will continue making efforts to encourage and ensure the quality of IPOs through cooperation and collaboration with underwriters, audit firms, local financial institutions, and others involved in the IPO process, while actively promoting our listing activities across the country in 2024.