kabutan

2025 IPOs rank 21st in popular investment themes as pivot toward larger listings persists into 2026

Mon Apr 13, 2026 12:22 pm JST Feature

★Top 10 Popular Themes

1. Data Centers

2. Semiconductors

3. Storage Batteries

4. Space Development

5. Semiconductor Manufacturing Equipment

6. Defense

7. TOPIX Core 30

8. JPX-Nikkei 400

9. Physical AI

10. Yomiuri 333

The "2025 IPOs" theme ranked 21st in the "Popular Theme Ranking" compiled by financial portals Minkabu and Kabutan.

The 2025 IPO market saw over 60 companies go public, with JX Advanced Metals Corporation <5016> attracting significant focus following its March listing. The Tokyo Stock Exchange's "TSE Growth Market Reform" and an accelerating shift away from small-scale listings have also remained key points of interest.

Meanwhile, as the 2026 IPO season kicked off, market attention turned to a string of underperformers. Seven consecutive companies, starting from the beginning of the year through Vita Brit Japan <542A>, which listed on the 2nd of this month, debuted below their initial offering prices.

This downward trend was snapped on the 6th when System Exe <548A> opened at approximately 12% above its offering price. Although Hito to Hito Holdings <549A> once again broke its issue price on the 7th, Softechs <550A> debuted on the 9th at a strong 65% premium to its offering price.

Looking ahead, Batonz <554A> is scheduled to list on the 21st, followed by Umenoyado Shuzo <559A> on the 24th. In the international market, speculation is mounting that U.S.-based SpaceX could launch a mega-IPO as early as June, a move that is drawing intense investor interest.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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