Fast-Entry inclusion possible on 25 March if the stock price surges by ~30% or more on the first day. Global index inclusion at the review expected in Aug & Sep 2025.
What is covered in the Full Insight:
Introduction to JX Advanced Metals IPO
Details of the Offering
Free Float Estimation
Index Inclusion Outlook
Summary and Implications
Boomeranged on Tue, 11 Mar 2025 00:24
Final offering price is 820 JPY, lower than the initial indicative price of 862 JYP. But the greenshoe has been exercised and assumed to be distributed to domestic and international on a pro-rata basis. Consequently, IPO float caps increase to $3.1bn and $1.0bn for global indices. The stock now needs to rise by ~16.5% on first trading day to achieve fast-entry. Game on.
SUMMARY
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