Nice day for online train timetable service Ekitan: after announcing their IPO in January, the company got listed today at the Mothers Market (for high-growth and emerging stocks) of the Tokyo Stock Exchange (code 3646).
The stock’s opening price stood at 5,530 yen, which is 98.9% higher than the IPO price of 2,780 yen (at its peak, Ekitan hit 5,880 Yen). 85,000 of the 120,000 shares on offer were sold in the initial public offering.
The lead underwriter was Mizuho Securities.
Tokyo-based Ekitan has 69 employees.