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Article: Yahoo Japan's Tokyo Stock Exchange Debut Meets with Tepid Investor Response.
- Article from:
- Kyodo News International (Tokyo, Japan)
- Article date:
- October 28, 2003
CopyrightCOPYRIGHT 2003 Kyodo News International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Oct. 28--TOKYO--Yahoo Japan Corp., Japan's leading Internet portal site operator, drew a tepid response from investors when it debuted Tuesday on the Tokyo Stock Exchange (TSE), ending the day at 1.57 million yen after opening at 1.65 million yen.
The company's initial and closing stock prices on the First Section were lower than the last quote of 1.68 million yen on the Jasdaq over-the-counter market for Yahoo Japan, which faltered under selling pressure from profit takers after a recent surge. At one point in the morning, its price hit 1.70 million yen.
With a total market value of 2.96 trillion yen at the end of the session, Yahoo Japan is the largest ...