TOKYO : Japan is ripe for a revival in stock listings by foreign firms, the trust banking arm of Mitsubishi UFJ Financial Group Inc said on Tuesday, with more than a dozen in the pipeline for Tokyo's start-up market.
"We are beefing up our efforts in this business in sync with the government's campaign to make Tokyo a global financial hub and attract more foreign firms," he said. The bank, which currently dominates the business of helping foreign firms issue JDRs, has created a special team to take advantage of increasing interest and was currently in talks with about 50 companies, Nagashima added. He did not provide details about any the companies.
Taiwan-originated artificial intelligence startup Appier Group Inc debuted on the Mothers market in March after creating a Tokyo-based holding company through a corporate inversion scheme.
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