In today’s briefing:
- Can the Tokyo Stock Exchange’s “Growth Market Reform” Really Bring About Change?
Can the Tokyo Stock Exchange’s “Growth Market Reform” Really Bring About Change?
- The problem with Growth Market isn’t only that IPO became the goal, but also that this market environment felt comfortable for all stakeholders—founders, venture capitals, TSE, auditors, and individual investors.
- TSE Growth Market has historically served as a stepping stone for companies, and many successful companies have subsequently moved to higher-tier markets. Market reforms should be considered on this premise.
- Raising the listing criteria for Prime Market (traded shares market capitalization of over 10 billion yen) is likely to be a solution for both TSE Growth Market and Prime Market.
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