Sun* had an impressive IPO on the Tokyo Stock Exchange with the stock price rising nearly 25% on its first trading day.

Sun* began its initial public offering (IPO) last Friday, July 31. At the time of closing exchange, Sun*'s shares increased by 24.81% compared to the offering price, which is nearly equal to the increase of 25% of Spotify shares (the world's top music streaming platform) at the first trading session on the New York Stock Exchange in 2018. This is considered a good sign for Sun* on the first day on Mothers market, Tokyo stock exchange, Japan. 

Sun* IPO event marked a historic turning point, opening a new development for the whole Company, which is becoming a public company. Accordingly,  this IPO decision was determined to "realizing Sun*'s Vision in creating a world where everyone is free to create Awesome values". 
After months of raising capital and calling from investors, Sun* now has 16 shareholders.  

According to the stock trading data before the listing day, Sun* will issue more than 36 million common shares, valued about JPY 700/share (about VND 155,000). However, on the IPO day (July 31), the opening price of Sun* on the market reached JPY 1,209/ share (equivalent to VND 268,000) due to a number of investors who saw the potential, pushing the share price to a new level.  

Stock volatility of Sun* on 31/7 is considered quite good for a company that offers shares for the first time. The highest price was JPY 1,509/share (about VND 335,000), while the lowest price was JPY 1,151/share (about VND 255,000). The fluctuation range is within the good price range when it is close to the ceiling price of JPY 1,610 per share.  

Thus, compared with the opening price of JPY 1209/share, at the time of closing the exchange on July 31, Sun*'s share price increased by nearly 25% to JPY 1509/share, raising the value of market capitalization of Sun* to JPY 54.6 billion (equivalent to VND 12,000 billion).  

Market Capitalization is a measure of a company's value, which is the total market value of a business at a specific time. Basically, market capitalization = the number of shares outstanding x the closing price per share. 

Sun* has had a bright start in the volatile stock market at this time, showing the market's trust in current capabilities, as well as what Sun* has been doing in the future. Sun*'s mission and vision have also been more widely conveyed and positively welcomed by the market.  

"IPO will help Sun* communicate more easily to people, and bring Sun*'s vision to the world more effectively." - CEO Kobayashi Taihei 

Hopefully, this IPO will be the key to opening bigger doors for Sun* to enter the world. With the trust as well as the support of the public, Sun* will be stronger on the path of fulfilling its mission and vision.