Eneos seeks up to $3 bln in biggest Japan IPO since 2018
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 14 2025
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Should l Buy ?
Source: Reuters
JX Advanced Metals IPO: JX Advanced Metals, a unit of Eneos Holdings, has received approval for a $3 billion IPO, marking Japan's largest listing in seven years, with shares set to be priced at 862 yen each ahead of its March 19 listing on the Tokyo Stock Exchange.
Use of Proceeds and Market Position: The funds raised will support growth investments and enhance shareholder returns, while JXAM, a key player in semiconductor materials and rolled copper foil production, anticipates faster growth than the overall chip market.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
