To: Yamakita who wrote (4750 ) 4/5/2000 9:32:00 AM From: Ken Sullivan Respond to of 6020
This is a few months old. How does one get in on an IPO in Japan? Does ETrade have access to these since they are a Softbank company? thanks Ken Wednesday January 19, 9:23 pm Eastern Time > >Cisco Japan unit aims to be first on Nasdaq Japan > >TOKYO, Jan 20 (Reuters) - Nihon Cisco Systems, the Japanese subsidiary of U.S. Cisco >Systems Inc (NasdaqNM:CSCO - news), the largest maker of equipment that powers the >Internet, said on Thursday it aims to be the first company to list its shares on the Nasdaq >Japan stock market. > >``The first priority is to go public on Nasdaq Japan, and we'd like to be the first as well,' a spokesman for the Japanese >subsidiary said. > >Nasdaq Japan is expected to begin operating in June. It is being set up by Nasdaq Japan Planning, a joint venture between the >National Association of Securities Dealers (NASD), parent of the U.S. Nasdaq market, and Japanese internet investor >Softbank Corp . > >In what is widely seen as a pre-emptive strike against Nasdaq Japan, the Tokyo Stock Exchange (TSE) last year set up the >new Mothers market for star-up firms with high growth potential. It has listed two firms since its launch last November. > >Nasdaq Japan Planning president Tatsuyuki Saeki said on Wednesday that Nasdaq Japan aims to list as many as 100 >companies in its first year of operation, including 10 firms with market capitalisation of more than one trillion yen ($9.5 billion). > >The Japan Securities Dealers Association, which runs Japan's over-the-counter (OTC) market, also said 40 to 50 firms are >expected to go public on the OTC market in the first half of this year, compared with 20 in the same period a year ago. > >TSE's Mothers, Nasdaq Japan and the OTC market are all battling to attract promising venture companies looking to raise >funds to finance growth by selling shares to the public. > >