WebMoney conquers Japan

According to the TokyoIPO.com Monthly Report: November IPO Market Summary and Outlook for December WebMoney is one of two IPO companies that will join the NEO market in December. This company sells electronic money that can be used for e-commerce purchases. Investors have high expectations for this company's growth because of the rapid increase in the number of users. That means WebMoney is very likely to be just as popular as Ubiquitous, the first NEO market listing. The second December IPO on the NEO market is Japan Tissue Engineering.

This biomedical company plans to post a loss of more than JPY1 billion in its current fiscal year. Early in November, global stock markets weakened as financial institutions began disclosing losses associated with subprime loans. Japan's small-company stock markets were no exception. Due to the November downturn in stock prices, the performance of the stocks of companies that conducted a 2007 IPO has become even worse. Of the 112 IPOs thus far in 2007, only nine were trading above both their offering prices and opening prices at the end of November. will be nine IPOs in December. Since these issues will procure a total of only about JPY16 billion, the offerings will probably not upset current supply-demand dynamics in the stock market. Of most interest are the two December IPOs that will list on JASDAQ's NEO market. And one of them is WebMoney.