Chikaranomoto Holdings (Fukuoka City), known for its chain of Ippudo ramen shops, was listed on the Tokyo Stock Exchange on March 21. On the first day of trading a surge of purchases doubled the initial listing price to close the day out at ¥1,380. The CEO said the company plans to focus on opening new restaurants in North America and Southeast Asia and by 2025 they expect to have 300 restaurants in Japan and 300 overseas. According to JETRO, ramen is becoming the second most popular dish after sushi overseas. The number of companies opening ramen restaurants overseas increased by over six times in the last six years from 15 companies in 2010 to 97 in 2016. Source: NHK, 3/21
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