In today’s briefing:
- What the Tokyo Market Needs Is a Metabolism and Replacement with Motivated Managers
What the Tokyo Market Needs Is a Metabolism and Replacement with Motivated Managers
- The background for raising the maintaining listing criteria was that the current criteria are loose and that many companies aren’t motivated to grow because they consider IPO to be goal.
- Too long time horizons and previous listing maintenance criteria that might have been manageable did not create a sense of urgency for the company to grow.
- There’s concern that quality of standard market, to which companies that fail the criteria migrate, will deteriorate, and the entire market will need metabolism and replacement of management through M&A.
💡 Before it’s here, it’s on Smartkarma
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