VC-backed news app Gunosy sees modest gain after Tokyo IPO
Shares in Gunosy - a Japanese news app developer backed by the venture capital firm Jafco, telecoms company KDDI Corp. and B Dash Ventures - is up marginally on its IPO price after two days trading in Tokyo.
Opening flat at JPY1,520, Gunosy ended its first day at JPY1,680 - a 10% premium on the IPO price. It fell back 2.16% on Thursday to close at JPY1,585, valuing the company at JPY34.6 billion ($291 million)....
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