Japan's Cyberdyne raises $89 million in Tokyo IPO
Cyberdyne, a VC-backed Japanese robotics company that makes exoskeleton suits, more than doubled on its Tokyo trading debut following a JPY7.8 billion ($76 million) IPO on the MOTHERS (market of the high-growth and emerging stocks) section of the Tokyo stock exchange.
Shares in Cyberdyne closed at JPY9,600 yesterday, up 159% on the JPY3,700 offering price, representing the second-best first day performance among Japanese IPOs this year. Its early backers include Jafco...
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