In March, the IPO (initial public offering) stocks have been assembled, totaling twelve this year. It is a time when IPOs tend to increase at the end of the period, but this year is less than usual, concentrating in the nine business days after the 18th. This week and next week will be a blank period with no IPOs.

The largest IPO is JX Metals<5016.T>(Main Board, Nonferrous Metals) with a fundraising amount of 460 billion yen and a Market Cap of 860 billion yen. Although it is a re-listing case of Shinnihon Mining Holdings, the parent company ENEOS Holdings<5020.T>, which holds...