Spread of infection Venture companies to cancel new listing One after another at 4:56 on March 16
The stock market has been turbulent due to concerns about the spread of the new coronavirus, and venture companies have stopped listing on the Tokyo Stock Exchange.
According to the TSE, earlier this month, two startups that had decided to go public were offered to stop listing.
WingArc 1st, a software development company, was listed on the first or second section of the Tokyo Stock Exchange on 26th of this month, but has been canceled. According to the company, "We took into account the recent stock market trends following the worldwide spread of the new coronavirus and other factors."
Perseus Proteomics, a pharmaceutical research, manufacturing and sales company, postponed its listing on Mothers, a market for start-ups, scheduled for March 24. The reason for the postponement is that the new coronavirus is affecting the stock market.
Companies sell stocks and raise funds through listings, but there is a risk that necessary funds may not be collected even if the market is falling, so the spread of the new coronavirus may spread to stock listings of venture companies. Affecting.