The operator of the
Companies will choose which section they want to be listed on between September and December next year. JPX plans to announce lists of companies on each of the new sections in
The restructuring comes as
The bourse, which was recently hit by a full-day trading glitch caused by a system failure, aims to attract foreign investors who have a big presence in the market.
The Prime section or the top-tier market, equivalent to the current First Section, will have a greater focus on liquidity with an eye to attracting a variety of institutional investors.
Companies to be listed on this section will need to have at least
These companies will be required to have at least
Currently, firms seeking to be listed on the First Section need to have a market capitalization of at least
JPX said it will start reviewing constituents of the Topix, which currently targets shares of companies on the First Section, in
The Standard section will be created through the merger of the Second Section and the Jasdaq, a market mainly for midsize companies. The Mothers market for up-and-coming companies will be renamed the Growth section.
==Kyodo
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