December 24, 2019 / 8:37 AM / a month ago

Tokyo should look beyond market cap for proposed prime market - panel

TOKYO, Dec 24 (Reuters) - A proposed overhaul of the Tokyo Stock Exchange could set a minimum market capitalisation requirement of 10 billion yen ($91 million) in free-floating stock for the bourse’s “prime market”, according to a draft proposal from a regulatory panel released on Tuesday.

Liquidity and governance, not just market capitalisation, should be important for listing on the “prime market”, the proposal from a panel of the regulatory Financial Services Agency (FSA) showed. ($1 = 109.3700 yen) (Reporting by Takaya Yamaguchi and Hideyuki Sano; Writing by David Dolan; Editing by Alison Williams)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below