J-Com launches IPO

23 Mar 2005

Cable TV company Jupiter Telecom, which offers services under the brand name J-Com, launched its initial public offering for a 20% stake today, the largest ever in Japan. The IPO is the company’s second attempt at selling a stake – the first failed in November 2000 amidst the worldwide telecoms slump. J-Com’s shares were floated at JPY80,000, at the top end of its indicated range of between JPY70,000 and JPY80,000.

Japan, J:COM (Jupiter Telecom)