The Fukuoka Stock Exchange held an induction ceremony on May 20 for the “Kyushu IPO Challenge Squad,” a support program aimed at companies in Kyushu, Okinawa, and nearby regions aspiring to go public. In its 16th year, the program welcomed five companies from four prefectures, including one from Kobe. Several participants aim to list on the Fukuoka Pro Market (FPM), set to launch in FY2024. Yoshikazu Kasuga, CEO of Farmers Support in Kagoshima, expressed intentions to list early and utilize the funds for new business development and international expansion. Kansai Broadband from Kobe joined as the first participant from Hyogo Prefecture, focusing on building communication networks in remote areas, including Kyushu’s islands. The Kyushu IPO Challenge Squad, established in 2009, has assisted 73 companies so far, with five achieving IPOs. Fukuoka Stock Exchange’s chairman, Naganobu Nagaya, highlighted FPM’s potential as Japan’s most accessible market for new listings. Source: Fukuoka Stock Exchange
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