A "market curious" corner where you can understand the movements of financial markets.
This time, about "IPO = initial public offering".
There are only a few left in 2021, but in reality, this is a “winning year” for new listing and public release.
In particular, this month (December) is expected to reach 32 companies, the highest level in about 30 years.
Why is it a corona wreck?
What is behind the timeless “IPO rush”?
(Aya Shinoda, Reporter, Ministry of Economic Affairs)
There are 125 newly listed and publicly traded companies (including those scheduled by the end of the year).
This is an increase of about 35% from last year, of which 93 companies are in the TSE's mothers market for start-up companies, the largest number since its opening.
Overall, it was the highest level since 188 companies in 2006 before the Lehman shock.
もともと12月は、新規公開する企業が多いのは、企業の決算期と関係があります。
3月期決算の企業が多いため、決算がまとまり（5月）、株主総会を経て（6月）、上半期の業績を見定めた後に上場申請（9月～）する流れとなります。
審査・承認には2～3か月ほどかかるのが一般的で、その結果12月にIPOが集中しやすくなる傾向があります。
なぜ、ことしはIPOが増えたのか？
背景には、やはりコロナの存在があります。
去年はコロナの影響が深刻だったことから、上場・公開を見送った企業が18社にのぼりましたが、このうち6社がことし上場を果たし、その分が上積みされている形です。
また、去年の全く先行きを見通せない状況から、ことしはワクチン普及や飲み薬開発も進み、将来の展望を見いだしやすくなったという側面もあります。
しかし、株式の新規公開は企業にとっても大きな判断となるだけに、「withコロナ時代でも生き残っていけるかどうか」がポイントになっています。
ことし新規上場した企業の事業内容を見てみると、DX＝デジタルトランスフォーメーションやAI、IoTを主力とする企業が目立ちます。
近年、新規上場する企業は、情報通信やサービスがおよそ3分の2を占めていますが、市場関係者の中には「コロナによって、今後その傾向はさらに強まるだろう」と話す人もいました。
また、ことしは日経平均株価が2万7000円台～3万円超えの水準で推移し、比較的好調で新規公開を決断しやすい環境だったことや、東証によるスタートアップ企業のバックアップ戦略も新規上場を後押ししたという声もあります。
では、来年はどうなるのか？
Next year, the TSE market restructuring is likely to have a major impact.
From April next year, the First Section of the Tokyo Stock Exchange and Mothers will disappear, and they will be reorganized into three categories: "Prime", "Standard" and "Growth".
In each category, the standards for maintaining listing will be stricter, but for example, in "Growth" with startup companies in mind, hurdles such as "market capitalization after 10 years have passed since listing" will be raised.
Most of the newly listed companies of this year are already looking at market restructuring, but companies aiming to be listed in the future are not "listing = goal", but can continue to grow even after listing or improve corporate value You will be asked if you can continue.
The growth of new companies will be the driving force for the vitality of the Japanese economy and society.
We hope that more companies will fly with new releases, overcoming the corona stigma and stricter standards.
Scheduled to pay attention
On the 30th, the "Dainoukai" will end the year's transactions.
The closing price at the end of 2020 increased by about 3700 yen compared to the previous year, and the stock price at the end of the year was the highest in 31 years since 1989. What will happen this year?
And on the 4th of the new year, the New Year's transaction will start at the "Great Launch".
From the "Ox" of the um, to the "Tiger" next year.
According to the maxim of the stock market, "Ox stumbles and runs Tora Senri", which seems to be higher than this, but what will happen?