Satellite startup iQPS shares untraded amid glut of buy orders in Tokyo debut

QPS Holdings

06/12/2023 24:00

TOKYO, Dec 6 (Reuters) - Shares of Institute for Q-shu
Pioneers of Space (iQPS) were untraded with a glut of buy orders
in their Tokyo growth-market debut on Wednesday after the
satellite imagery startup raised 3.48 billion yen ($24 million)
in an initial public offering.
    Shares of iQPS  5595.T  were deluged with buy orders at the
initial public offering (IPO) price of 390 yen. 
    Spun off from a Kyushu University space engineering lab in
2005, iQPS becomes the second major space venture to list in
Tokyo after ispace inc  9348.T  had a blistering debut in April.
    
 ($1 = 146.7100 yen)

 (Reporting by Kantaro Komiya; Editing by David Dolan)
 ((Kantaro.Komiya@thomsonreuters.com; Twitter: @kantarokomiya;))