Taken from the numberfagging thread.
https://www.businessinsider.jp/post-255195Looks like the IPO is going well.
>(autotranslate) The number of public shares is 1,800,300. The public offering and sale price (public price) was 1,530 yen, but due to the high level of popularity, trading was not established on the first day of listing as a buying bid, and the initial price could not be obtained. The quote price is 3520 yen, which is about 2.3 times the public price. The initial price will carry over to tomorrow and beyond.Which matches Tokyo Stock exchange announcement:
https://www.jpx.co.jp/english/news/1031/20220608-01.htmlSo they are still in a sort of bookmaking phase. It isn't even properly trading yet because it reached a price limit of 230% of the original 1530Y. For a primary IPO of ~$47,223,449USD.
What comes next is secondary bookmaking where existing shareholders _may_ sell into the IPO. Say that Singaporean millionaire Ken Honda sells his 4.61% stake in the company (150,00,000 shares), that's almost the same number as the primary IPO. They might want to hold off until starting price is established and public trading starts, then sell into the real public.
We don't know if it's rich retards going ham on the bidding, or literal CCP/Bilibili money.
If the price holds at 3520 yen, Riku's 14,031,810 shares in the company (43.11% stake) gives him a net worth of a cool $367,881,279 USD.
