Trial Holdings Jumps 29% After Japan's Largest IPO This Year.

Trial Holdings Inc., a discount-store chain operator, saw a 29% increase in its stock price on its first day of trading in Tokyo after a successful initial public offering (IPO) that raised ¥38.85 billion ($258 million), making it Japan's largest IPO of the year. The stock closed at ¥2,200 on Thursday. The IPO comes as investors show interest in Japanese stocks due to improving shareholder returns and corporate profits, as well as the Bank of Japan's decision to end its negative rates regime. Trial Holdings plans to use the proceeds from the IPO to fund new store openings, renovations, logistics centers, and other operations. [Extracted from the article]