AXELL shares surge on investor interest following Tier IV IPO filing
AXELL CORPORATION <6730> shares surged sharply on Tuesday. Tier IV, an autonomous driving venture, disclosed in a securities registration statement filed with the Kanto Local Finance Bureau on Tuesday that it has applied for a new listing on the Tokyo Stock Exchange's Growth Market. The listing is scheduled between July and December. The firm plans to raise 10.00 billion to 30.00 billion yen through a new share issuance, while the scale of secondary offerings remains undecided. The development triggered speculative buying in companies with stakes in Tier IV, fueling interest in AXELL as one of its investors.
According to the securities registration statement, Tier IV's shareholders include Sompo Holdings, Inc. <8630>, Yamaha Motor Co., Ltd. <7272>, ISUZU MOTORS LIMITED <7202>, KDDI CORPORATION <9433>, TAISEI CORPORATION <1801>, and SUZUKI MOTOR CORPORATION <7269>.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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