bullish

JX Advanced Metals (5016 JP): IPO Fast-Entry 30% Away; Index Review Inclusion in Aug & Sep 2025

706 Views28 Feb 2025 10:27
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.
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Dimitris Ioannidis
US-EU Index Rebalances / Quantitative Researcher
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