Majority of Tokyo Growth stocks below market cap cutoff as deadline nears
Equities
Small companies that raced to IPO have struggled to grow after listing
A glut of sluggish shares on the Tokyo Stock Exchange’s Growth section could hinder its ability to attract investor funds. © Reuters
TOKYO — About 60% of companies on the Tokyo Stock Exchange’s Growth section had an average market capitalization below 10 billion yen ($62.4 million) for January-March, as smaller businesses that have struggled to grow after going public face tighter listing standards taking effect in 2030.
