IPOQB
Sign inStart free
← All exchanges
Viewing
JP · APAC · Prime
Tokyo Stock Exchange (Prime)
JPX · Tokyo · JPY
Deep domestic institutional base; Prime tier demands the highest float/governance.
Eligibility · Meridian Renewables (example)
Conditional
1 requirement(s) not yet met — see eligibility below.
Min market cap
$67M
admission floor
Min free float
35%
public hands
Est. all-in
5.6%
on $700M
Time to list
24–28w
from kickoff
Regulator
FSA / JPX
oversight
Eligibility check
✓
Market capitalisation
Requirement: ≥ $67M
$4.8B
✕
Free float
Requirement: ≥ 35%
~15%
✓
Operating history
Requirement: ≥ 3 yrs
11 yrs
✓
Profit / revenue test
Requirement: Profit / market-cap tests
Profitable
!
Governance standard
Requirement: Japan Corp Gov Code
Gaps
✓
Accounting
Requirement: IFRS / JGAAP / US GAAP
IFRS
Rules as of 2026-Q2 · source: TSE Securities Listing Regulations (FSA (Japan), JP). Compiled summary — validate against the primary source before filing.
Fees & cost
Est. all-in · $700M raise$39M 5.6%
Underwriting spread4.5% · $32M
Initial listing fee¥15M
Annual fee¥4M
Legal · audit · IR · other$7.4M
Total all-in$39M (5.6%)
Market quality & investors
Liquidity★★★★★
Analyst coverage★★★★☆
Retail participation★★★★☆
Institutional depth★★★★★
Index inclusion
Nikkei 225TOPIX
Aftermarket: +11% avg first-day
Process & sectors
Typical time-to-list24–28w
RegulatorFSA / JPX
Dual / secondary listingSupported
Min public shareholders800
Sector strength
IndustrialsAutoTechRobotics
Notable listings: Kioxia, Rakuten Bank
Model JPX in the Decision Center ▸Compare venues