Thursday July 9, 2020

Japan Airlines disappoints after €6.5bn trading debut

Japan Airlines rose 1.1 per cent on its Tokyo trading debut following a 663 billion-yen (€6.5 billion) IPO, the worst first-day performance for a Japanese stock in three months.

19th September, 2012
JAL failed to beat the benchmark after shares in the IPO, the biggest since Facebook, were priced at the top of the range marketed to investors.

Japan Airlines rose 1.1 per cent on its Tokyo trading debut following a 663 billion-yen (€6.5 billion) initial public offering, the worst first-day performance for a Japanese stock in three months.

The carrier closed at 3,830 yen compared with an IPO price of 3,790 yen. The benchmark Nikkei 225 Stock Average rose 1.2 per cent.

JAL failed to beat the benchmark after shares in the IPO, the biggest since Facebook, were priced at the top of the range marketed to investors....

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