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Tokyo Stock Exchange Seeks Listing by Indian cos

Published: 09th October 2014 06:00 AM  |   Last Updated: 08th October 2014 11:31 PM   |  A+A-

MUMBAI: Tokyo Stock Exchange is seeking Japanese listings of more foreign companies, including those from India, as it seeks to once again increase the number from outside its shores. TSE is seeking companies from mainland China, Taiwan, Korea, Singapore, Malaysia, India, among other Asian countries, Hidetoshi Nagata, the head of global listings said here on Wednesday. The exchange once had more than 200 overseas companies listed on it before some of the global majors felt that multiple listings didn’t serve their purpose as these large companies could be traded round the clock from across the globe. Today, of the dozen odd companies that are listed on TSE, about eight are from the US and the rest from Malaysia, Korea and China. Officials of the exchange said three Indian companies from the real estate and infrastructure space, bio-technology and information technology and e-commerce space for a possible listing on TSE. Still, about 90% of all IPOs made on the TSE are for amounts lower than $50 million. “TSE could be a good platform for start-ups to list as their IPOs could also potentially offer good growth prospects to Japanese investors,’’ said Nagata. 



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